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Remain long

Remain long | 01 September 2020

01 September 2020, EUR/USD

Remain long

Wave Analysis

Yesterday, Euro continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart, keep looking for low risk buy positions. The break above the upper trendline is a good sign that we are continuing to the upperside towards 1.215 and could breakout much higher. If you are on this chart now, look for low risk buy positions. A bounce from the upper trendline or a break below the lower trendline will be a good sell towards 1.16950.

Trade Recommendations:

Remain long

Bob Stan
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