We're long temporarily. | 19 نوفمبر 2018

19 نوفمبر 2018, EUR/USD

We're long temporarily.

Wave Analysis

Instead of rallying to the lower side, euro pulled back upwards and is still showing signs of continuing to the upper side. We expect this upward rally to be a mere correction and should rise above 1.1505 towards 1.1746. If this last target is broken, then further momentum even higher is expected. And on the bears side, only a break below 1.1335 will attract a short position. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 1.1080 towards 1.04 or even lower.

Trade Recommendations:

We're long temporarily.

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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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