We're long above 1.06295 | 12 Octubre 2023
12 Octubre 2023, EUR/USD
Wave Analysis
During the previous trading day, the correction three wave cycle rallied higher than expected and ended up breaking and closing above 1.06295. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and may see the price rally to the upperside with the next ideal target fixed around 1.07624. If the price breaks and close above this level, then further momentum much higher is expected.
Trade Recommendations:
We're long above 1.06295
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.
