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Look for buy positions with your target at 1.1231.

Look for buy positions with your target at 1.1231. | 18 October 2019

18 October 2019, EUR/USD

Look for buy positions with your target at 1.1231.

Wave Analysis

As we mentioned in the previous day's forecast, Euro continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is still the continuation of the impulsive wave (E) and should rally towards 1.1212 or even higher towards 1.13211. This view can only be invalidated in case the price breaks below the previous day's lowest low.

Trade Recommendations:

Look for buy positions with your target at 1.1231.

Bob Stan
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