We're long towards the immediate trendline. | 14 Maret 2019
14 Maret 2019, EUR/USD
Wave Analysis
Euro is still pulling back upwards perfectly as previously forecasted. As we mentioned in our previous forecasts. As long as the price remains above 1.12471, we're waiting for a clear sign that the corrective wave (b) to buy the last impulsive wave (c) to the upperside with an ideal take profit at 1.17600 and the next at 1.22033. This view will only be invalidated in case the price successfully closes below 1.12471, if this is the case, then a steep decline towards 1.07330 or even lower is expected.
Trade Recommendations:
We're long towards the immediate trendline.
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.
