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Wait | 11 March 2020

11 March 2020, EUR/USD

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Wave Analysis

After a slight move to the lower side, euro is currently pulling back to the upper side, we expect the current minor move to the upper side to be the beginning of continuation of both the impulsive waves (c) and and could break beyond 1.12550 towards 1.13542. As it is on the hourly chart chart, we've seen only 10% retracement,. we expect a possible 50% retracement towards 1.10590 but in vain. As it is now, its good to wait and buy a break above the previous week's highest high.

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Bob Stan
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