We're long towards 1.23270 | 20 Juli 2018
20 Juli 2018, EUR/USD
Wave Analysis
Eventually, euro has picked a momentum to the upperside. We expect the rebound from 1.16067 to have marked an end to the corrective three wave cycle, that the current bullish price, unfolding on the daily chart is an impulsive wave to the upperside and should break above 1.23270. This view can only be invalidated in case the price break below 1.1459. If this is the case, then we'll wait for correction to the just broken level to pick a short position with an ultimate target at 1.04745.
Trade Recommendations:
We're long towards 1.23270
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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.
