Elliott waves analysis – We’re long above 1.3245


Wave Analysis

Earlier this week, the impulsive wave (c) traded rapidly to the upper side and is still pretty much bullish both on the daily and the weekly charts. During this trading day, we’re expecting a possible break above 1.3245 towards 1.3295 or even higher. If you’re not already in a long position already, you can wait and buy a breakout above 1.3245 to pick a long term long position with an ultimate target at 1.33. Alternatively, you could wait for break above 1.3295 to pick this upward position with your target at 1.33.

Trade Recommendations:

We’re long above 1.3245

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