Bullish Trend Continues: Potential for Further Gains in July
Overview
The EURUSD pair has been exhibiting a bullish trend for the past three weeks, and this momentum is likely to continue throughout July. For those who followed my previous analysis last month, I recommended Scenario 1 as a guide for entering buy and sell positions.
Scenario 1 Recap
As illustrated in the chart, Scenario 1 suggests that the EURUSD could rise to the 1.10600 level, marking the end of wave D of 4.
If a price reversal signal emerges at 1.10600, it could indicate an opportunity to enter a sell position targeting 1.06600 for wave E of 4.
Potential for Extended Bullish Move
In the absence of a clear reversal signal at 1.10600, traders could consider maintaining buy positions, as this could signal the long-awaited wave 5.
Conclusion
The EURUSD pair remains in a bullish trend, with potential for further gains towards 1.10600. Traders should closely monitor price action for potential reversal signals at this level. If no clear reversal emerges, maintaining buy positions could be a viable strategy.
Disclaimer
This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own research and risk assessment before making any trading decisions.
The EURUSD pair has been exhibiting a bullish trend for the past three weeks, and this momentum is likely to continue throughout July. For those who followed my previous analysis last month, I recommended Scenario 1 as a guide for entering buy and sell positions.
Scenario 1 Recap
As illustrated in the chart, Scenario 1 suggests that the EURUSD could rise to the 1.10600 level, marking the end of wave D of 4.
If a price reversal signal emerges at 1.10600, it could indicate an opportunity to enter a sell position targeting 1.06600 for wave E of 4.
Potential for Extended Bullish Move
In the absence of a clear reversal signal at 1.10600, traders could consider maintaining buy positions, as this could signal the long-awaited wave 5.
Conclusion
The EURUSD pair remains in a bullish trend, with potential for further gains towards 1.10600. Traders should closely monitor price action for potential reversal signals at this level. If no clear reversal emerges, maintaining buy positions could be a viable strategy.
Disclaimer
This analysis is for informational purposes only and should not be considered investment advice. Please conduct your own research and risk assessment before making any trading decisions.
Note
Your patience and adherence to this plan should have resulted in substantial profits by this point. The target remains at 1.10600, but scalpers may want to secure some gains to mitigate risks.
Disclaimer
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