EURUSD – Up
Wave Analysis:
Perfectly as previously forecasted, euro has picked a momentum to the upper side. And as we mentioned during the previous trading day, we expect this upward rally to continue to the upper side and should break beyond last week’s highest high, but should 1.23105. If this target is broken, then the price will continue to the upperside but should not go beyond 1.39825. This view can only be invalidated in case the price breaks below 1.14067, and even then, we’ll be waiting for another break below 1.14595 to confirm further momentum to the lowerside.
Trade Recommendations:
We’re long towards 1.23105
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