04 июня 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts, while the price remains above the Alligator indicator attached, I expect nothing but a possible momentum to the upper side, the idea is to wait for slight correction to the lower side to pick a low risk buy positions. While the ADX green line is above the Red line, we choose to remain long with an ultimate target around 1.13451. This view will only be invalidated in case the price breaks and closes below the blue moving average above.
Trade Recommendations:
Remain long towards 1.1342.
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