Still correcting itself | 12 يوليو 2018
12 يوليو 2018, EUR/USD
Wave Analysis
Despite the three bullish pin bars seen for the past three week's euro is yet to make any significant moves to the upperside. Instead, this pair has been in the dropping mode but is still above the weekly supportive zone 1.14595-1.16067. This is a key zone and unless it is clearly broken to the lowerside with a big red candle, we expect a possible rally to the upperside. The anticipated bullish price rally is the unfolding of an impulsive five wave cycle and should break above 1.23210.
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Still correcting itself
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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.
