23 July 2020, EUR/USD
Wave Analysis
During the previous trading day, After a spike to the upper side, Euro pulled back to the lowerside but is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trend line,we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (v) and should break above 1.160 towards 1.178 or even higher. But should the price break below the supportive trendline, then we expect further momentum to the lowerside.
Trade Recommendations:
Remain long.
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