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Remain long towards 1.1345.

Remain long towards 1.1345. | 03 June 2020

03 June 2020, EUR/USD

Remain long towards 1.1345.

Wave Analysis Euro continues to move to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of both the impulsive waves (5) and (v) and should break beyond 1.12160. This view can only be invalidated in case the price breaks and closes below the alligator indicator attached, if this is the case, then further momentum to the lower side is expected.

Trade Recommendations:

Remain long towards 1.1345.

Bob Stan
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