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We're upwards towards 1.14544.

We're upwards towards 1.14544. | 18 February 2019

18 February 2019, EUR/USD

We're upwards towards 1.14544.

Wave Analysis

Perfectly as we mentioned during the previous week, Euro broke below the level 1.12760 but could not sustain this break. As long as the price remains above 1.12760, we expect nothing but a possible momentum to the upper side. This week, and possibly during the next few weeks, we expect euro to remain within a range, not going above 1.14564 or below 1.12760. These are two weekly levels and as long as the price remains within them, we're trading reversal. A break above or below this range will call for a trade in the direction of that break.

Trade Recommendations:

We're upwards towards 1.14544.

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Bob Stan
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