Waiting for a sell from 1.09890. | 03 Octubre 2019
03 Octubre 2019, EUR/USD
Wave Analysis
During the previous trading day, we saw further correction of the impulsive five wave cycle to the upperside. We expect the corrective three wave cycle to continue to the upper side but should not go beyond 1.09890. If the price can successfully bounce off from this level, then this will be a good place to look for low risk sell order. Also, if the price can break below 1.08905, then that will signal a possible continuation of the previous five wave cycle and could push the price massively to the lowerside towards 1.07.
Trade Recommendations:
Waiting for a sell from 1.09890.
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.
