Buy a breakout above the level 1.11825. | 04 نوفمبر 2019
04 نوفمبر 2019, EUR/USD
Wave Analysis
According to the MACD Oscillator, Euro could be headed to the uppers ode, however, based on the candles above, we're waiting for a clear breakout above the hourly resistance 1.11825 to confirm that we're continuing to the upper side with an ultimate target at 1.1245. The anticipated bullish price rally is the continuation of the impulsive wave (3) to the upper side and should first break above 1.11825 before a move even higher can be seen, this view can only be invalidated in case the price bounce off from 1.11825.
Trade Recommendations:
Buy a breakout above the level 1.11825.
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.
