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We're short | 26 October 2018

26 October 2018, EUR/USD

Wave Analysis

Perfectly as previously forecasted, Euro rallied further to the lower side and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains within the falling channel formation, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and should break below 1.1345, this downward rally is highly anticipated since the indicator on this chart, MACD bars are below 0.00. And as long as the MACD Bars are below 0.00, we expect further movements downwards.

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We're short

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Bob Stan
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