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We're long above 1.06295

We're long above 1.06295 | 12 October 2023

12 October 2023, EUR/USD

We're long above 1.06295

Wave Analysis

During the previous trading day, the correction three wave cycle rallied higher than expected and ended up breaking and closing above 1.06295. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and may see the price rally to the upperside with the next ideal target fixed around 1.07624. If the price breaks and close above this level, then further momentum much higher is expected.

Trade Recommendations:

We're long above 1.06295

Bob Stan
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