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Look for along position now

Look for along position now | 02 Maret 2018

02 Maret 2018, EUR/USD

Look for along position now

Wave Analysis:

During the previous trading day, euro rebounded perfectly from the lower supportive zone 1.2184-1.2240 and is still pretty much below this zone. We expect this zone to have marked the end of the corrective wave (4) that the current upward movements is the unfolding of the impulsive wave (5) to the upper side and should break above 1.2630 towards 1.2995. This view can only be rendered futile ion case the price breaks below 1.2240, this being the case, we'll expect drop towards 1.1540. This pair should be traded alongside EURHKD, EURAUD and GBPUSD. These pairs will have a similar price action today.

Trade Recommendations:

Look for along position now with an ultimate target at 1.2995

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Bob Stan
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