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We're long | 27 August 2018

27 August 2018, EUR/USD

Wave Analysis

few weeks ago, euro attempted a breakout below the weekly supportive zone 1.1460-1.1659 but has now gone back above it, now that the price is above this zone, we expect a possible momentum. We expect this false break below this zone to have marked an end to the corrective three wave cycle, that any clear moves to the upper side will be the unfolding of an impulsive wave count and should break above 1.18 towards 1.2815, sell positions can only be recommended in case the price breaks below 1.1460.

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We're long

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