We're long | 06 Juni 2018

06 Juni 2018, EUR/USD

We're long

Wave Analysis

During the previous trading day, euro rallied higher, perfectly as previously forecasted, and is still pretty much bullish both on the daily and the weekly charts. Last week's candle was a perfect bullish pin bar candle closing above a key zone 1.1502-1.1455. And as long as the price remains above this zone, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of an impulsive five wave cycle but should not go beyond the weekly resistance level 1.2444.

Trade Recommendations:

We're long with our target at 1.2444

101% Double the volume

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Bob Stan
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