Remain long | 03 أغسطس 2020
03 أغسطس 2020, EUR/USD
Wave Analysis
Euro continues to move to the upper side perfectly in line with Friday's forecast, while the price is contained above the two simple moving averages above, I expect nothing but a possible momentum to the upper side towards 1.18900. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side towards 1.20 and could breakout much higher. A break and close below 1.16640, will mean we are continuing to the lower side with an ideal target set around 1.13040.
Trade Recommendations:
Remain long
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.
