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We're buyers towards 1.1706.

We're buyers towards 1.1706. | 29 October 2021

29 October 2021, EUR/USD

We're buyers towards 1.1706.

Wave Analysis

Yesterday, our stop loss was taken out when the price broke above 1.1623 and is still pretty much above the next level 1.1665. As long as the price remains above the next level 1.1665, we expect nothing but a possible momentum much higher. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upper side and could see the price break and close above 1.1706.

Trade Recommendations:

We're buyers towards 1.1706.

Bob Stan
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