Rebuy the Euro from 1.12471 towards the resistive trendline | 05 Maret 2019

05 Maret 2019, EUR/USD

Wave Analysis

Euro continues to rally towards the monthly support level 1.12471. This is a key level and as long as it holds the price above it, we expect a possible rally to the upperside. Ideally, we expect the previous bounce from this level to have marked an end to the corrective wave (b) that any clear moves to the upperside will be the continuation of the impulsive wave (c) to the upperside and should head towards the resistive trendline, if this trendline is breached, then we expect a rally towards 1.22033,

Trade Recommendations:

Rebuy the Euro from 1.12471 towards the resistive trendline

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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.

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Bob Stan

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