Still bullish | 12 اكتوبر 2017
12 اكتوبر 2017, EUR/USD
Wave Analysis:
During the previous trading day, euro could not be contained below the 4 hour resistance line 1.18286, the pair broke above this zone with a big green candle, this was a clear bullish dominance signal and means the buyers are in complete complete control, thus, we expect a possible bullish price rally towards 1.19020 and could extend even higher. According to the 4 hour chart above, only a buy position can be recommended towards 1.19020. This pair will have a similar price action to GBPUSD, AUDUSD and NZDUSD.
Trade Recommendations:
Look for a long position with your target at 1.19020
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
