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Bullish continuation candle

Bullish continuation candle | 29 June 2017

29 June 2017, EUR/USD

Bullish continuation candle

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (v) extended to the upper side and is still pretty much bullish. The previous day's candle is a perfect bullish continuation candle above a key resistance line 1.1280, and as long as the pair remains above this level, we expect a possible bullish price rally towards 1.15 or even higher. This view can only be invalidated in case the price break below 1.1254. Expect a similar wave count in GBPUSD and AUDUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday.

Trade Recommendations:

Still bullish

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Bob Stan
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