Remain long | 09 March 2020

09 March 2020, EUR/USD

Wave Analysis

Just as previously anticipated, euro continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the envelopes trend indicator we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (c) and v and should break beyond 1.1354 or even higher towards 1.15. As it is now the hourly chart attached, I recommend looking for long term buy positions.

Trade Recommendations:

Remain long

Bob Stan
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