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Look for buy orders towards 1.14

Look for buy orders towards 1.14 | 20 June 2019

20 June 2019, EUR/USD

Look for buy orders towards 1.14

Wave Analysis

Instead of continuing to the lowerside as previously forecasted, euro rose tremendously and is now above the upper trendline, this is a possible bullish dominance sign and while price is contained above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) and should breakout above the recent highest high towards 1.14425. As it is on the 4 hour chart attached, we advice conservative traders to look for buy orders only towards 1.14425.

Trade Recommendations:

Look for buy orders towards 1.14

Bob Stan
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