Remain long towards 1.22100. | 04 أغسطس 2020
04 أغسطس 2020, EUR/USD
Wave Analysis
During the previous trading day, Eurusd closed perfectly as a continuation candle. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (E) to the upper side and should break above 1.2000 towards 1.21 or even higher. Selling or holding onto a sell position on this pair looks a bit risky and may not be recommended, unless the price breaks below 1.14483.
Trade Recommendations:
Remain long towards 1.22100.
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.
