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Remain short

04 October 2016, EUR/USD

Remain short

Wave Analysis

Perfectly as previously forecasted,the pair rebounded from the equilibrium zone 1.1243-1.1255, headed short and is still bearish. The daily chart is pretty much bearish and will likely drive the price further to the lower side but should not go beyond 1.1144. Any clear breakout below this target may push the price further to the lower side with the next ideal target at 1.112. Trade this pair alongside USD/CHF and USD/JPY. Expect this pairs to have an exact opposite price action during this intraday.

Trade Recommendations:

Remain short with an ideal target at 1.1144.

Graham Osano
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