EURUSD. Expect a possible rally to the upperside. | 31 Juli 2019
31 Juli 2019, EUR/USD
Wave Analysis
During the previous trading day, Euro rose massively to the upperside and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains within the rising channel formation, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (E) and should breakout above the previous day's with an ultimate target at 1.12452 and could breakout even higher, only a break below the supportive trendline will push the price to the lowerside.
Trade Recommendations:
Expect a possible rally to the upperside.
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.
