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We're long towards 1.22033

We're long towards 1.22033 | 26 March 2019

26 March 2019, EUR/USD

Wave Analysis

Nothing much happening on this pair, the price is still above the line 1.12471. This is a key monthly support and as long as the price remains above this level, we expect a possible rally to the upperside. We expect the bounce from this line to have marked an end to the corrective wave (b) and that the current movements to the upperside is the continuation of the impulsive wave (c) to the upperside and should head straight towards 1.22033. This view can only be invalidated in case the price close below 1.12471, in this case, we'll expect a move towards 1.07330.

Trade Recommendations:

We're long towards 1.22033

A lot of interesting information on the webinar!

Bob Stan
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