We're looking for a buy from 1.1486 | 19 اكتوبر 2018

19 اكتوبر 2018, EUR/USD

We're short below 1.1486

Wave Analysis

Perfectly as previously forecasted, euro continued to rally to the lower side and is still pretty much bearish both on the daily and the weekly charts. We expect further extension to the lower side and may break below 1.1486. The level 1.1486 is a key weekly level and clear break below this level will push the price to the lower side and should break below 1.1265 towards 1.0466. But on the other side, should the price bounce from 1.1486, then this will be a good place to look for a long term long position towards 1.1750.

Trade Recommendations:

We're looking for a buy from 1.1486

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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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