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We're waiting for a rebound from the black trendline towards 1.4280

We're waiting for a rebound from the black trendline towards 1.4280 | 22 October 2021

22 October 2021, EUR/USD

Wave Analysis

During the previous trading month, we had a massive surge to the lowerside and even ended up below 1.1778. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally will be the continuation of a correction but should not go beyond the immediate black trendline. A rebound from this trendline will give us the best place to consider a possible long term buy position with an ideal target set around 1.1910 and will continue much higher towards 1.4280 and may breakout much higher.
Trade Recommendations:
We're waiting for a rebound from the black trendline towards 1.4280
Bob Stan
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