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Remain long towards 1.175.

Remain long towards 1.175. | 24 July 2020

24 July 2020, EUR/USD

Wave Analysis

Eurusd is currently in an active up trend, 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 the impulsive wave (v) to the upper side and should break above 1.16325 towards 1.1785 of even higher. This upward momentum can only be invalidated in case the price breaks and closes below the Alligator indicator attached, if this is the case, then a momentum to the lower side is expected.

Trade Recommendations:

Remain long towards 1.175.

Bob Stan
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