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Look for a sell towards 1.09105.

Look for a sell towards 1.09105. | 30 September 2019

30 September 2019, EUR/USD

Look for a sell towards 1.09105.

Wave Analysis

For the better parts of last week, the impulsive five wave cycle continued massively to the lower side and even hit the lows of 1.09105. We expect the Friday;s high high 1.09590 to have marked an end to the corrective wave (iv), that the current bearish price rally is the continuation of the impulsive wave (v) and should break below 1.09105 towards 1.0900 or even lower. This view can only be invalidated in case the price fails to break below the Friday;s lowest low, if this is the case, then a rally to the upperside is expected.

Trade Recommendation:

Look for a sell towards 1.09105.

TRADE METALS WITHOUT SWAPS!
Bob Stan
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