While the price is held above 23.6% fib level look for buy position. | 07 Julio 2020
07 Julio 2020, EUR/USD
Wave Analysis
Euro established a swing high around 1.14290, we expected a possible bearish correction towards 50.0 % fib level but the price bounced off from around 1.11800. As long as the price remains above this level, I expect a possible momentum towards the swing high and could breakout to the upper side. This should be the continuation of the last impulsive wave (V) and may end up breaking above 1.14290 towards 1.156 or even higher. If you are on this chart now, look for buy positions.
Trade Recommendations.
While the price is held above 23.6% fib level look for buy position.
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.
