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We're looking for a rebuy from 1.1584

We're looking for a rebuy from 1.1584 | 31 August 2018

31 August 2018, EUR/USD

Wave Analysis

After a momentum to the upperside earlier this week, euro is currently pulling back to the lowerside but is still above 1.15967-1.14430. The zone just stated above is a key weekly supportive zone and as long as the price remains above this zone, we expect nothing but a possible momentum to the lowerside. The anticipated bullish price rally is the continuation of another impulsive wave count and should break above 1.18140 towards 1.24650. This view can only be rendered futile in case the price breaks below 1.14430. If this is the case, then a drop further is expected.

Trade Recommendations:

We're looking for a rebuy from 1.1584

101% Double the volume

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Bob Stan
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