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EURUSD. Rebuy Eurusd from 1.11830 towards 1.12505.

EURUSD. Rebuy Eurusd from 1.11830 towards 1.12505. | 06 August 2019

06 August 2019, EUR/USD

EURUSD. Rebuy Eurusd from 1.11830 towards 1.12505.

Wave Analysis

EURUSD is currently trading with an increasing bullish bias momentum. While the price is contained above the three simple moving averages, we expect a possible momentum to the upperside. This pair is still very bullish and chances of continuing to the upperside are very high. Therefore, I recommend looking for long term buy orders at least until the end of this week, should price close below the last slow moving average, then I'll expect a massive decline towards 1.10355.

Trade Signal.

Rebuy Eurusd from 1.11830 towards 1.12505.

Imelda Maseno
Analyst of «FreshForex» company
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