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Remain long

Remain long | 05 August 2020

05 August 2020, EUR/USD

Remain long

Wave Analysis

Last week, EUR continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts, while the price is contained above the alligator indicator, we expect nothing but a possible momentum to the upper side, this is the continuation of the impulsive wave (E) to the upper side and should break above 1.18950 towards 1.2000 or even higher. On this chart, keep looking for low risk buy positions with stop loss below the previous day's lowest low, or below the Alligator.

Trade Recommendations:

Remain long

Bob Stan
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