28 July 2020, EUR/USD
Wave Analysis
Earlier today, Euro established a swing high around 1.17720 and is still pretty much below the same level, we expect the downward rally which continued after the bounce from this swing high to be the continuation of a corrective wave cycle and could break below 23.6% fib level towards 50.0% fib level. And on the flip side, in case the price breaks and closes above 1.17720, the this will be a good place to consider a possible long term buy position with an ultimate target set at 1.18430.
Trade Recommendations:
Remain long
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