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Buy a sustained break above the previous day's highest high.

Buy a sustained break above the previous day's highest high. | 14 April 2020

14 April 2020, EUR/USD

Wave Analysis

Despite the pullback which was seen during the previous trading day, euro continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. If this price can successfully close above the previous day's highest high, then this will be a good place to pick a long term buy order. As it is now, we expect further momentum to the upper side. This view can only be invalidated in case the price breaks below the previous day's lowest low, if this is the case, then further momentum to the lower side is expected.

Trade Recommendations:

Buy a sustained break above the previous day's highest high.

Bob Stan
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