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wait for a correction towards 1.17339 to pick a long term short position towards 1.15189

wait for a correction towards 1.17339 to pick a long term short position towards 1.15189 | 28 September 2018

28 September 2018, EUR/USD

wait for a correction towards 1.17339 to pick a long term short position towards 1.15189

Wave Analysis

During the previous trading day, euro traded intensely to the lower side and is now around 1.16477. Following the break below 1.17339, we expect further momentum to the lower side, and as long as the price remains below this level, we expect a possible momentum to the lower side with an ultimate target at 1.19188. If this target is broken, then further momentum to the lower side is expected. According to the 4 hour chart attache above, only a clear breakout above 1.17339 or above 1.18392 will attract a long position.

Trade Recommendations:

wait for a correction towards 1.17339 to pick a long term short position towards 1.15189

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