Buy above 1.2310 | 13 April 2018

Wave Analysis

During the previous trading day, euro declined slightly to the lower side but is currently bouncing from a key daily support level 1.2310. As long as the price remains above this level, we expect intraday traders to look for long positions with an ultimate target at 1.24903, if this target is broken, then we expect further momentum to the upper side and should break above 1.24 or even higher to 1.27. In case of a rebound from 1.24903, then this will be a very good place for long term sellers to look for long term sell orders towards 1.20425.

Trade Recommendations:

Intraday traders should look for long positions now towards 1.24901.