we're looking for along positions | 06 سبتمبر 2018

06 سبتمبر 2018, EUR/USD

we're looking for  along positions

Wave Analysis

After attempted break below the supportive zone 1.14713-1.16055. Now that the price is above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of a corrective three wave cycle and should break above 1.17810. If this is the case, the we'll expect a possible momentum further to the upper side. This view is only valid as long as the price remains above the marked zone above, but should the price break below 1.16055, then we'll wait for a break below 1.14713 to confirm further rally downwards.

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we're looking for along positions

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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.
Bob Stan
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