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EURUSD. Look for buy orders towards 1.12465.

EURUSD. Look for buy orders towards 1.12465. | 18 July 2019

18 July 2019, EUR/USD

Wave Analysis

Yesterday, the cable pulled back to the upperside and even went above the upper trendline. This is a possible sign that we're heading to the upperside and as long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The idea is to wait for retracements to the lowerside to pick low risk buy orders with an ideal target around 1.12463. A breakout above this target will mean we're continuing to the upperside with the next ideal target being 1.12760.

Trade Recommendations:

Look for buy orders towards 1.12465.

Bob Stan
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