Buy Euro towards 1.11755. | 24 اكتوبر 2019
24 اكتوبر 2019, EUR/USD
Wave Analysis
Just as stated in the previous day's analysis, euro bounced off from the level 1.11080 and is currently heading to the upperside. We expect this bounce to mark an end to the corrective wave (iv), that the current bullish price rally is the continuation of the impulsive wave (v) to the uperside and should breakout above 1.11755 towards 1.1244 or even higher. This view can only be invalidated in case the price again rallies to the lowerside and break below 1.11080, if this is the case, then a momentum to the lowerside expected.
Trade Recommendations:
Buy Euro towards 1.11755.
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.
