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Waiting for a rebound from the supportive trendline to buy this pair.

Waiting for a rebound from the supportive trendline to buy this pair. | 08 October 2019

08 October 2019, EUR/USD

Wave Analysis

Perfectly as previously forecasted, Euro bounced off from the supportive trendline and could not break below it. As long as we have price rallying above this trendline, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should break above 1.1000 towards 1.1210 or even higher. This view can only be invalidated in case the price breaks below the supportive trendline, if this is the case, then further momentum to the lowerside expected.

Trade Recommendations:

Waiting for a rebound from the supportive trendline to buy this pair.

TRADE METALS WITHOUT SWAPS!

Bob Stan
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