We're looking for a long term buy towards 1.11920. | 23 Octubre 2019

23 Octubre 2019, EUR/USD

We're looking for a long term buy towards 1.11920.

Wave Analysis

Since the beginning of this week, we've seen a continuation of the corrective wave (iv) to the lowerside and could still extend even lower. We expect the bounce from 1.11755 to have marked an end of both the impulsive waves (5) and (iii), that the current bearish price rally is the continuation of the impulsive wave (iv) and should break below 1.10915. If price bounce off from the target mentioned above, then that will give us the best place to pick a long term buy order with an ultimate target at 1.11920. The anticipated bullish price rally is the continuation of the impulsive wave (v) and may extend way beyond 1.11920.

Trade Recommendations:

We're looking for a long term buy towards 1.11920.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.