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Remain long towards 1.17.

Remain long towards 1.17. | 22 July 2020

22 July 2020, EUR/USD

Remain long towards 1.17.

Wave Analysis

During the previous trading day, Euro broke above the upper trendline and is still pretty much above this level. As long as the price remains above this trendline, we expect the impulsive wave (v) to continue to the upper side and should break above 1.162. On this chart, We expect further momentum to the upperside and should break above the level mentioned above towards the next level. As it is now, keep looking long term buy positions we recommend looking for long positions only.

Trade Recommendations:

Remain long towards 1.17.

Bob Stan
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