Wait | 22 أبريل 2020
22 أبريل 2020, EUR/USD
Wave Analysis
Yesterday, Euro bounced off from the upper resistance trendline and could not break above the previous day's highest high. We expect the bounce from 1.08420 to have marked an end to the corrective wave (b) that the current bullish price rally is the continuation of the impulsive wave (c) and could breakout above the upper trendline towards 1.08995. Should the price break below the supportive trendline, then we will wait for a clear breakout below 1.08190 to pick a long term sell order towards 1.08080.
Trade Recommendations:
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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.
