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Remain long

Remain long | 07 April 2020

07 April 2020, EUR/USD

Remain long

Wave Analysis

Instead of a continuation to the lower side, euro pulled back to the upper side and is currently showing signs of continuing to the upperside. We expect the bounce from 1.05440 to have marked an end to the impulsive wave (v) that the current bullish price rally is the continuation of a corrective three wave cycle and could see price break beyond 1.11515. If you are looking at this chart now, look for low risk buy position especially if the price breaks above the previous day's highest high.

Trade Recommendations:

Remain long

Bob Stan
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