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wait | 01 November 2018

01 November 2018, EUR/USD

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Wave Analysis

After a steep decline seen during the previous trading day, euro is currently pulling back to the upperside, we expect the current upward rally to be the unfolding of a corrective wave count and should break above 1.13600 but should not go above 1.14158. If this target is broken, then further momentum towards 1.14580 is expected. The level 1.14580 is a key level and as long as it holds the price to the lowerside, we're anticipating a possible rebound from this level to pick a long term short position towards 1.10.

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