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Remain long

Remain long | 08 July 2020

08 July 2020, EUR/USD

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

Wave Analysis

Just as previously anticipated, euro sustained the breakout above the upper trendline and is still pretty much bullish both on the daily and on the weekly charts, as mentioned earlier this week, this pair is upwards, and chances of price rising beyond the end of the impulsive wave (v) are very high, this, as it now, we recommend blooking for long term but orders. As it is on this chart, sell positions looks risky and may not be recommend. But should the price break and close below the trend line at the bottom, then we may consider a possible short position.

TradeRecommendationsRemain long on this chsrt

Bob Stan
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