Expect a possible breakout above 1.14520 towards 1.15. | 20 Julio 2020
20 Julio 2020, EUR/USD
Wave Analysis
Last week, the corrective wave (iv) failed to break below the 38.2% fib level, instead, this pair bounced off few pips from this level and is currently heading to the upper side, we expect the current bullish price rally to be the continuation of the impulsive wave (v) to the upper side and should break above 1.14520 towards 1.156245. And on the flip side, should the price break and close below the 23.6% fib level, then we may expect further momentum to the lower side and should head straight towards 50.0% fib level.
Trade Recommendations:
Expect a possible breakout above 1.14520 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.
