Elliott waves analysis – Waiting to rebuy euro from 1.13698 towards 1.14555

EURUSD – Up

Waiting to rebuy euro from 1.13698 towards 1.14555

Wave Analysis

During the previous trading day, euro rose above the level 1.13698 and is still pretty much above the same level. We’re waiting for a clear sign that euro can sustain itself above this level, and if this is true, then we’ll 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 break above the previous day’s highest towards 1.14555, we’re only going to look for a sell order in case the price breaks below 1.1369.

Trade Recommendations:

Waiting to rebuy euro from 1.13698 towards 1.14555

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