We're loooking for a long position. | 09 اكتوبر 2018

09 اكتوبر 2018, EUR/USD

We're loooking for a long position.

Wave Analysis:

Euro is still consolidating above 1.14465. As long as the price remains above this level, we expect a possible rally to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count to the upperside with an ultimate target at 1.2500. The level 1.14465 is a key level and as long as it holds the price to the upperside, we're long, however, should the price break below it, then this will be a good place to look for a long term short position with an ultimate target at 1.0504.

Trade Recommendations:

We're looking for a long position.

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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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