Look for a low risk buy order towards 1.22033. | 12 Maret 2019
12 Maret 2019, EUR/USD
Wave Analysis
According to the monthly chart attached, this pair is very bullish as long as the price is above 1.12471. But according to the weekly chart, we're below a key sellers level. We're waiting for a clear sign that the corrective wave (b) is ended so that we buy the last impulsive wave (c) towards the upper trendline towards 1.22033. But should price break below 1.12471, then this will be an ideal place to look for a possible monthly sell towards 1.07330. a break below this level will push the price lower.
Trade Recommendations:Look for a low risk buy order towards 1.22033.
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.
