Buy a sustained break above the previous day's highest high. | 14 Abril 2020
14 Abril 2020, EUR/USD
Wave Analysis
Despite the pullback which was seen during the previous trading day, euro continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. If this price can successfully close above the previous day's highest high, then this will be a good place to pick a long term buy order. As it is now, we expect further momentum to the upper side. This view can only be invalidated in case the price breaks below the previous day's lowest low, if this is the case, then further momentum to the lower side is expected.
Trade Recommendations:
Buy a sustained break above the previous day's highest high.
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.
