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Remain long towards 1.15.

Remain long towards 1.15. | 15 July 2020

15 July 2020, EUR/USD

Wave Analysis

Yesterday, Euro rose tremendously and even went above the upper trendline, as long as the price remains above the upper trendline, we expect a possible acceleration towards 1.153274. If the price breaks and closes above this level, then we expect the impulsive wave (E) to continue to the upperside, as it is now, we are waiting for a possible correction to pick a low risk buy position, and on the flip side, should the price rally to the lowerside, then the next best place to look for a trade is around the supportive trendline.

Trade Recommendations:

Remain long towards 1.15.

Bob Stan
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