Remain long towards 1.154. | 16 Junio 2020
16 Junio 2020, EUR/USD
Wave Analysis
Yesterday, Euro moved slightly to the lowerside but is currently gaining. we are waiting for a clear breakout above the previous week's highest high to pick a long position and while this is true, that is the price is above this high, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should break above 1.14540 towards 1.167 or even higher. On this chart, only buy positions looks ideal and can be recommended but with an ultimate target at 1.15.
Trade Recommendations:
Remain long towards 1.154.
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.
