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We're still long

We're still long | 20 April 2017

20 April 2017, EUR/USD

We're still long

Wave Analysis:

As expected, Euro retraced slightly to the lowerside but is still showing signs of possible momentum to the upperside. As long as the price remains above 1.06800, we expect a possible bullish price rally towards 1.0865. This upward rally is highly anticipated since the previous day's candle is a perfect bullish inside bar and will likley push the price further to the upperside. Expect a similar wave count in GBPUSD, AUDUSD, and NZDUSD. These pairs will have a similar price action during this intraday. Only buy or sell Euro if the other pairs are giving the same signal.

Trade Recommendations:

Expect a possible bullish price movements towards 1.086

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Bob Stan
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