Wait | 14 Mei 2020

14 Mei 2020, EUR/USD

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Wave Analysis

Since the beginning of this week, Euro continues to oscillate within the contracting wedge formation. As long as the price remains within this shape formation, we'll be waiting for a bounce from the upper trendline to pick a sell and a bounce from the lower trendline to pick a buy. A break below the supportive trendline will mean we are heading to the lowerside while a break above the upper trendlne will mean we are continuing to the upperside with an ultimate target around 1.11530.

Trade Recommendations:

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Bob Stan
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