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We're still looking for long positions

We're still looking for long positions | 16 July 2018

16 July 2018, EUR/USD

We're still looking for long positions

Wave Analysis

Instead of rallying to the upperside, euro pulled back slightly but is still above the upper the weekly supportive zone 1.14595-1.16067. As long as the price remains above this zone, we expect a possible momentum to the upperside. Ideally, we expect the rebound from this zone to have marked and end to the previous corrective three wave cycle, that the current rally to the upperside is the unfolding of another impulsive wave to the upper side and may break above 1.23210. We may only consider short positions should the price break below 1.14595.

Trade Recommendations:

We're still looking for long position towards 1.23210.

Do you know against which currencies EUR is the most profitable?

We're still looking for long positions

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Bob Stan
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