Still buying euro | 04 July 2018

04 July 2018, EUR/USD

Still buying euro

Wave Analysis

Despite Monday's forecast that this pair could continue to the upper side, euro is yet to make any significant moves to the upper side. This pair is still a buy especially while the price is above the weekly support zone 1.14595-1.16067. Unless there's a clear breakout below this level, we expect a possible rebound from it to pick a long position with an ultimate target at 1.23210. However should the price breakout below 1.16067, then we'll wait for price to break below 1.14595 to pick a low risk sell position towards 1.04745.

Trade Recommendation.

Still buying euro

101% Double the volume

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Bob Stan
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