We're long from 1.16067 | 29 Juni 2018

29 Juni 2018, EUR/USD

Wave Analysis

Earlier today, euro rallied massively to the upper side after a rebound from the weekly support level 1.16067 and is still pretty much above this level. As we forecasted, while the price remains above the supportive zone 1.16067-1.14595, we expect the rebound from this zone to have marked the end of the impulsive wave (c), that the current movements to the upper side is the unfolding of an impulsive five wave cycle and should breakout above 1.21235. If this is the case, then we'll wait for another break above 1.24920 to confirm further rally to the upper side.

Trade Recommendations:

We're long from 1.16067 towards 1.24920.

101% Double the volume

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Bob Stan
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