EURUSD. Look for buy orders towards 1.12465. | 18 Juli 2019
18 Juli 2019, EUR/USD
Wave Analysis
Yesterday, the cable pulled back to the upperside and even went above the upper trendline. This is a possible sign that we're heading to the upperside and as long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The idea is to wait for retracements to the lowerside to pick low risk buy orders with an ideal target around 1.12463. A breakout above this target will mean we're continuing to the upperside with the next ideal target being 1.12760.
Trade Recommendations:
Look for buy orders towards 1.12465.
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.
