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Wait for a pullback to pick a low risk buy position.

Wait for a pullback to pick a low risk buy position. | 06 July 2020

06 July 2020, EUR/USD

Wait for a pullback to pick a low risk buy position.

Wave Analysis

Earlier today, Euro traded slightly higher than expected and is currently above the upper trendline, as long as the price is held above the upper trendline, we expect nothing but a possible momentum to the upper side towards 1.14080 towards 1.156 or even higher. This view can only be invalidated in case the price breaks and closes below the lower trend line, if this is the case, then further momentum to the lowerside ism expected with an ultimate target around 1.08830 is expected.

Trade Recommendations:

wait for a pullback to pick a low risk buy position.

Bob Stan
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