Wait | 18 June 2020

18 June 2020, EUR/USD

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Wave Analysis

Euro continues to rally within the range 1.12337 and 1.13901. As long as the price is held within these two levels, we are waiting for a sell from the top and a buy from the bottom. And should the price cross above the upper line 1.13901, then this will be a good place to consider a long term buy position with an ultimate target around 1.15345. And on the lower side, should the price break below the level 1.12337, then this will be a good place to consider a possible long term sell position with an ultimate target around 1.11280.

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Bob Stan
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