Wait | 06 November 2019
06 November 2019, EUR/USD
Wave Analysis
During the previous trading day, Euro declined significantly but is currently rallying around a key supportive trendline. As long as the price remains above this zone, we expect nothing but a possible bounce from this trendline to pick a long term buy order. Ideally, we expect the bounce from this trendline to be an end to the corrective three wave cycle, that any clear signs to the upper side will be the unfolding of an impulsive wave count and should head straight towards the upper trend line or even higher.
Trade Recommendations:
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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.
