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EURUSD Still bullish as long as above 1.08224

EURUSD Still bullish as long as above 1.08224 | 28 March 2017

28 March 2017, EUR/USD

Wave Analysis:

Following the gap above 1.08224, euro traded on the higher ranges and is still pretty much bullish as long as it remains above 1.08224. During this intraday, we're waiting for minor retracements to the just broken level to pick low risk buy opportunities. The anticipated upward rally is the continuation of the impulsive wave (5), should be extensive in nature but should not go beyond 1.144. This upward rally is highly expected since the weekly chart is equally bullish and will trade on the higher ranges during this week.
This pair should be traded alongside GBPUSD and NZDUSD. These pair will have a similar price action during this intraday.

Trade Recommendations:

Hold onto the previous buy position with an ideal target at 1.144.

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Bob Stan
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