28 June 2017, EUR/USD
Wave Analysis:
During the previous trading day, the anticipated correction of the immediate five wave cycle failed when this pair broke out above the resistance zone 1.1280-1.1254. From the current chart set up and structure, this is a clear sign that bulls are in dominance. We expect a possible continuation of the impulsive wave wave (v) to the upper side and could breakout above 1.1398 towards 1.14. In the meantime, we're waiting for minor pullback to the lower side to long this impulsive wave (v) towards 1.1398. Expect a similar wave count in GBPUSD and AUDUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:
We're long with a short term target at 1.1398.
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