Remain long | 07 Abril 2020
07 Abril 2020, EUR/USD
Wave Analysis
Instead of a continuation to the lower side, euro pulled back to the upper side and is currently showing signs of continuing to the upperside. We expect the bounce from 1.05440 to have marked an end to the impulsive wave (v) that the current bullish price rally is the continuation of a corrective three wave cycle and could see price break beyond 1.11515. If you are looking at this chart now, look for low risk buy position especially if the price breaks above the previous day's highest high.
Trade Recommendations:
Remain long
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.
