You can wait and buy a break above the previous week's highest high. | 16 اكتوبر 2019
16 اكتوبر 2019, EUR/USD
Wave Analysis
Instead of further correction toward s the supportive trend line, Euro rose tremendously and is still showing signs of continuing to the upper side. This is perfectly in line with the previous day's forecasts, that is, as long as the price is contained within the rising shape formation, we're looking for long term buy orders with an ultimate target around 1.10500. The anticipated bullish price rally is the continuation of the impulsive wave (E) and should break above the target 1.10500 towards 1.11 or even higher.
Trade Recommendatios:
You can wait and buy a break above the previous week's highest high.
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.
