Buy Euro now, with your take profit at 1.10515. | 16 April 2020

16 April 2020, EUR/USD

Buy Euro now, with your take profit at 1.10515.

Wave Analysis

Earlier this week, Euro bounced off from the supportive trend line and is currently heading to the upper side. As long as the price is contained above the lower trend line, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) and may break beyond 1.09960 but should not go above the upper trend line, if you are not in any position at the moment, wait and sell a bounce from the upper trend line with your target along the lower trend line.

Trade Recommendations:

Buy Euro now, with your take profit at 1.10515.

Bob Stan
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