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Remain long towards 1.18782.

Remain long towards 1.18782. | 14 August 2020

14 August 2020, EUR/USD

Remain long towards 1.18782.

Wave Analysis

During the previous trading day, nothing much happened on this pair, EURUSD ended up closing below the Wednesday's highest high. As it is now, we expect either a continuation to the upper side towards 1.18782 and could breakout 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 1.19705. And in case the price pulls back to the lower side, then the best place to consider a possible buy is around 1.17078.

Trade Recommendations:

Remain long towards 1.18782.

Bob Stan
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