As long as the price is above 1.14626, we expect a possible momentum to the upper side. | 15 October 2018
15 October 2018, EUR/USD
Wave Analysis:
Currently the price is above a weekly support level 1.14626. AS long as the price is above this level, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of an impulsive wave count to the upper side and should break above 1.1900 towards 1.25060. This view can only be invalidated in case the price breaks below 1.14626, if this is the case, then a momentum towards 1.04720 or even lower is expected, the expected downward rally is the continuation of the impulsive wave (v) further to the lowerside.
Trade Recommendations:
As long as the price is above 1.14626, we expect a possible momentum to the upper side.
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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.
