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Keep looking for buy positions.

Keep looking for buy positions. | 07 January 2020

07 January 2020, EUR/USD

Wave Analysis

During the previous trading day, euro rallied to the upperside and even went above 1.1182. As long as the price remains above the level 1.1182, we expect further momentum to the upper side, we expect the bounce from 1.1130 to have marked an end to the corrective three wave cycle, that the currently bullish price rally is the continuation of the impulsive wave count and could push the price massively to the upper side towards 1.1250, a break above this level will push the price even higher.

Trade Recommendations:

Keep looking for buy positions.

Bob Stan
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