We're long towards 1.22033 | 26 Maret 2019
26 Maret 2019, EUR/USD
Wave Analysis
Nothing much happening on this pair, the price is still above the line 1.12471. This is a key monthly support and as long as the price remains above this level, we expect a possible rally to the upperside. We expect the bounce from this line to have marked an end to the corrective wave (b) and that the current movements to the upperside is the continuation of the impulsive wave (c) to the upperside and should head straight towards 1.22033. This view can only be invalidated in case the price close below 1.12471, in this case, we'll expect a move towards 1.07330.
Trade Recommendations:
We're long 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.
