Remain long towards 1.25370.

Wave Analysis

After a rebound from the daily support level 1.2197, Euro has been in a constant up trend and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 1.21937, and most importantly above 1.24000, we expect a possible bullish momentum towards 1.25370 and may break even high. Should the price get above this target, then we expect further momentum towards 1.35 or even higher. We went long the previous trading day day and is still holding. Our expectation is that the price should continue to rally upwards.

Trade Recommendations:

Remain long towards 1.25370.

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