Bullish continuation candle | 29 يونيو 2017
29 يونيو 2017, EUR/USD
Wave Analysis:
Perfectly as previously forecasted, the impulsive wave (v) extended to the upper side and is still pretty much bullish. The previous day's candle is a perfect bullish continuation candle above a key resistance line 1.1280, and as long as the pair remains above this level, we expect a possible bullish price rally towards 1.15 or even higher. This view can only be invalidated in case the price break below 1.1254. Expect a similar wave count in GBPUSD and AUDUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday.
Trade Recommendations:
Still bullish
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.
