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

Buy a break above the previous day's highest high. | 28 May 2020

28 May 2020, EUR/USD

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

Wave Analysis

EURUSD is currently in an active up trend. While the price remains within the previous day's highest high and lowest low, I remain on the sidelines, but should price break above the previous day's high, I expect further momentum to the upper side and should break above 1.10395. The Anticipated bullish price rally is the continuation of the impulsive wave (v) and should break above 1.10395 towards 1.14 or even higher. On this chart, only buy positions looks ideal and can be recommended, but in case the price slides below the previous day's lowest low, then further momentum to the lower side is expected.

Trade Recommendations:

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

Bob Stan
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