Expect further correction to the upper side with an ultimate target around 1.13500. | 13 Abril 2020

Wave Analysis

After reaching the lows of 1.05905, Euro continues to correct itself to the upper side and is still pretty much bullish both on the daily and on the weekly charts. At this point, w expect further momentum to the upper side and should break above 1.10980 towards 1.14760. A sustained move above 1.10980 will confirm that we are indeed headed to the upper side. This view can only be invalidated in case the price breaks and closes below 1.05905, if this is the case, then a momentum to the lower side is expected towards 1.04645.

Trade Recommendations:

Expect further correction to the upper side with an ultimate target around 1.13500.