Waiting for a good buy in case of a bounce from 1.12105-1.12079 towards 1.12465. | 22 Juli 2019
22 Juli 2019, EUR/USD
Wave Analysis
Euro is currently bouncing off of the previous week's lowest close on the 4 hour charts. This is a good place to look for a long term buy order, as it is, we recommend looking for long term buy orders with an ideal target at 1.12465, a break above this level will push the price even higher towards 1.12760. On the flip side, should the price break below 1.12105, then we'll wait for a break below the previous week's lowest low to pick a long term sell order with an ultimate target at 1.1021.
Trade Recommendations:
Waiting for a good buy in case of a bounce from 1.12105-1.12079 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.
