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Remain long towards the upper trendline.

Remain long towards the upper trendline. | 13 July 2020

13 July 2020, EUR/USD

Wave Analysis

After bouncing from the lower trend line, Euro continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts, As long as the price remains above the lower trend line, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side and may breakout above the upper trend line, and on the flip side, should the price break and close below the supportive trend line will attract a sell position.

Trade Recommendations:

Remain long towards the upper trendline.

Bob Stan
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