Remain long towards 1.15. | 15 Julio 2020
15 Julio 2020, EUR/USD
Wave Analysis
Yesterday, Euro rose tremendously and even went above the upper trendline, as long as the price remains above the upper trendline, we expect a possible acceleration towards 1.153274. If the price breaks and closes above this level, then we expect the impulsive wave (E) to continue to the upperside, as it is now, we are waiting for a possible correction to pick a low risk buy position, and on the flip side, should the price rally to the lowerside, then the next best place to look for a trade is around the supportive trendline.
Trade Recommendations:
Remain long towards 1.15.
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.
