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Waiting for a possible sell from 1.14030 with your take profit along the lower trendline.

Waiting for a possible sell from 1.14030 with your take profit along the lower trendline. | 09 Juli 2020

09 Juli 2020, EUR/USD

Wave Analysis

Earlier today, Euro rallied to the upper side way past our stops, as long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upper side and should hit 1.13902 by the end of today, should the price break and close above 1.14030, this will mean we are continuing to the upper side towards 1.1524 towards 1.1645. And should the price bounce off from 1.14030, then this will be a good place to consider a possible sell position towards the lower trend line.

Trade Recommendations:

Waiting for a possible sell from 1.14030 with your take profit along the lower trendline.

Bob Stan
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