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Look for a long term buy position towards 1.11570.

Look for a long term buy position towards 1.11570. | 10 Abril 2020

10 Abril 2020, EUR/USD

Look for a long term buy position towards 1.11570.

Wave Analysis

Euro continues to gain value perfectly inline with the previous day's forecast. we expect further momentum to the upper side and should break beyond 1.11570 towards 1.13820. At this point in time, only buy positions looks ideal and can be recommended, but in case the price breaks and closes below the previous day's lowest low, then we may consider a possible sell order. This sell position is the continuation of the impulsive wave (v) while the current move to the upper side is a correction of the same impulsive wave.

Trade Recommendations:

Look for a long term buy position towards 1.11570.

Bob Stan
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