Remain long with an ultimate target around 1.1234. | 02 Junio 2020
02 Junio 2020, EUR/USD
Wave Analysis
Euro continues to sustains itself above the 200 Period Simple Moving Average, while the price is held above this MA, and the price above the Alligator's moving Averages, I expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of both the waves (v) and (5) and should break above 1.11625. If this is the case, then further momentum to the upper side is expected with an ultimate target around 1.12. This buy is supported by the fact that the green line of the ADX indicator is above the red line.
Trade Recommendations:
Remain long with an ultimate target around 1.1234.
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.
