We're looking for low risk buy positions | 14 June 2019
14 June 2019, EUR/USD
Wave Analysis
The previous day's rally saw euro close as a bearish pin bar. However, on the 4 hour chart attached, we're likely to see a momentum to the upperside. Thus, while there's an active sell on the daily chart, we're actually waiting for price to rise above the upper trendline to pick a low risk buy position. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should breakout above 1.13565 towards 1.14340 or even higher. This view can only be invalidated in case the price breaks below 1.12540.
Trade Recommendations:
We're looking for low risk buy positions
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.
