We're bullish towards 1.17464. | 09 April 2019
09 April 2019, EUR/USD
Wave Analysis:
During the previous trading day, euro bounced off perfectly from the supportive trendline and is currently heading to the upperside. As we mentioned in our previous forecast. While the price is contained above this trendline,we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should head straight towards the weekly resistance level seen at 1.17464. A breakout below the supportive trendline will push the price steeply to the lowerside.
Trade Recommendations:
We're bullish towards 1.17464.
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.
