Wait | 14 May 2020
14 May 2020, EUR/USD
Wave Analysis
Since the beginning of this week, Euro continues to oscillate within the contracting wedge formation. As long as the price remains within this shape formation, we'll be waiting for a bounce from the upper trendline to pick a sell and a bounce from the lower trendline to pick a buy. A break below the supportive trendline will mean we are heading to the lowerside while a break above the upper trendlne will mean we are continuing to the upperside with an ultimate target around 1.11530.
Trade Recommendations:
Wait
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.
