Look for a long term buy position towards 1.11570. | 10 أبريل 2020
10 أبريل 2020, EUR/USD
Wave Analysis
Euro continues to gain value perfectly inline with the previous day's forecast. we expect further momentum to the upper side and should break beyond 1.11570 towards 1.13820. At this point in time, only buy positions looks ideal and can be recommended, but in case the price breaks and closes below the previous day's lowest low, then we may consider a possible sell order. This sell position is the continuation of the impulsive wave (v) while the current move to the upper side is a correction of the same impulsive wave.
Trade Recommendations:
Look for a long term buy position towards 1.11570.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
