07 June 2021, EUR/USD
Wave Analysis
During the previous trading day, euro bounced off from the black Alligator line and is currently on an upward trend. As long as the price remains above the black line, we expecting nothing but a possible momentum to the upperside. Following the bounce from the lower moving average, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 1.24 and may extend much higher towards 1.25.
Trade Recommendations:
We're buyers with an ideal target set at 1.25 or even higher towards 1.26 or even higher.
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