We're looking for a long positiion now. | 12 اكتوبر 2018

12 اكتوبر 2018, EUR/USD

We're looking for a long position

Wave Analysis

For a better parts of this week, euro has been on the upperside. As long as the price remains above 1.1498, we expect a possible momentum to the upperside. If you're not long already you could still look for long position now with the first take profit at 1.1795. On the chart above, we're waiting for a pullback to the lowerside to pick a long term buy position towards 1.1798. And on the bears side, should the price break below 1.1498, then this could be an ideal place to look for a long term short position towards 1.1325.

Trade Recommendations:

We're looking for a long position now.

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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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