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Rebuy euro from 1.124741 towards 1.22033.

Rebuy euro from 1.124741 towards 1.22033. | 11 Marzo 2019

11 Marzo 2019, EUR/USD

Rebuy euro from 1.124741 towards 1.22033.

Wave Analysis

Euro is currently pulling back to the upperside. As long as the price remains above the level 1.12471 we expect a possible momentum to the upperside. The current rebound from the level 1.124714 is the end of the corrective wave (b) and that any clear buy signals with an ultimate target along the upper trendline. Should price go above this trendline, then we expect a possible momentum even higher towards 1.22033. A close below 1.12471 will push the price to the lowerside towards 1.07330.

Trade Recommendations:

Rebuy euro from 1.124741 towards 1.22033.

A lot of interesting information on the webinar!

Bob Stan
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