We're short. | 31 October 2018

31 October 2018, EUR/USD

We're short.

Wave Analysis

Just as we forecasted during the previous trading day, euro declined steeply and is still showing signs of rallying further to the lower side. As long as the price remains below 1.14158, we expect further momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave v and should break below 1.3220 towards 1.3100 or even lower. This view can only be invalidated in case the price breaks above 1.14158, if this is the case, then we'll expect a rally to upwards towards 1.15870.

Trade Recommendations:

We're short.

101% Double the volume

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Bob Stan
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