Rebuy euro from 1.16067 | 18 Juli 2018
18 Juli 2018, EUR/USD
Wave Analysis
Instead of rallying to the upperside, euro has been declining but is still above the weekly supportive zone 1.16067-1.14595. As long as the price remains above this zone, we still expect a possible momentum to the upperside. If you;re not already in a long position, you could wait for price to pullback towards 1.16067 to pick a low risk long position with an ultimate target at 1.24845. However, should the price break below 1.16067, then we'll wait for another break below 1.14595 to confirm further momentum to the lowerside.
Trade Recommendation.
Rebuy euro from 1.16067
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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.
