Look for a sell towards 1.09105. | 30 سبتمبر 2019
30 سبتمبر 2019, EUR/USD
Wave Analysis
For the better parts of last week, the impulsive five wave cycle continued massively to the lower side and even hit the lows of 1.09105. We expect the Friday;s high high 1.09590 to have marked an end to the corrective wave (iv), that the current bearish price rally is the continuation of the impulsive wave (v) and should break below 1.09105 towards 1.0900 or even lower. This view can only be invalidated in case the price fails to break below the Friday;s lowest low, if this is the case, then a rally to the upperside is expected.
Trade Recommendation:
Look for a sell towards 1.09105.
TRADE METALS WITHOUT SWAPS!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.
