Elliott waves analysis – Place a pening buy limit order around 1.13239.

EURUSD – Up

Wave Analysis

According to the hourly chart attached, euro is currently establishing a good support around 1.30239 this is a key level and as long as the price remains above it, we expect a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should rise above 1.13640. As it is on the hourly chart, we’re recommending a buy limit from 1.13239, with a stop loss below 1.12785 and take profit at 1.14835. If you’re in a buy already, you should leave this position open.

Trade Recommendations:

Place a pending buy limit order around 1.13239.

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