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Remain long

Remain long | 01 May 2020

01 May 2020, EUR/USD

Remain long

Wave Analysis

During the previous trading day, both the impulsive waves (5) and (c) continuing to the upper side and are still pretty much bullish both on the daily and on the weekly charts, as long as the price remains above the upper trend line ,we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of both the impulsive waves and could see price break above 1.10 or even higher. This view can only be invalidated in case the price breaks and closes below 1.09410.

Trade Recommendations:

Remain long

Bob Stan
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