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Remain long.

Remain long. | 02 Marzo 2020

02 Marzo 2020, EUR/USD

Remain long.

Wave Analysis

During the previous trading day, euro continued to the upper side and could continue much higher. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upper side. As it is on the hourly chart above, we are expecting a possible momentum to the upper side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the upper side and should break above 1.10970. This view can only be invalidated in case the price breaks below 1.09720.

Trade Recommendations:

Remain long.

Bob Stan
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