Buy a break above 1.17965 towards 1.20. | 08 Octubre 2020
08 Octubre 2020, EUR/USD
Wave Analysis
Earlier this week, Euro bounced off from the supportive trendline, headed straight to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.17967 towards 1.20. On the flipside, should the price break below the supportive trendline, then we may consider a short positions.
Trade Recommendations
Buy a break above 1.17965 towards 1.20.
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.
