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Look for low risk buy position.

Look for low risk buy position. | 23 June 2020

23 June 2020, EUR/USD

Look for low risk buy position.

Wave Analysis

During the previous trading day, the corrective three wave cycle continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. On this chart, we are waiting for a clear breakout above the previous week's highest high to pick a possible buy position with an ultimate target around 1.13530. This view can only be invalidated in case the price breaks and closes below the previous day's lowest low, as it now, I recommend looking for low risk buy positions.

Trade Recommendations

Look for low risk buy position.

Bob Stan
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