Waiting for a possible buy position towards 1.14630. | 17 Julio 2020
17 Julio 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro went slightly lower than expected and even went below the upper trend line but is now above the verified support level 1.13775. As long as the price does not clearly break and close below this support, we choose to remain flat for now, instead, we are waiting for a clear bounce to pick a possible buy position towards 1.14775. And should the price break and close below 1.13630, then further momentum to the lower side is expected with an ideal target around 1.12775.
Trade Recommendations:
Waiting for a possible buy position towards 1.14630.
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.
