Waiting for a sell from 1.09890. | 03 October 2019

03 October 2019, EUR/USD

Waiting for a sell from 1.09890.

Wave Analysis

During the previous trading day, we saw further correction of the impulsive five wave cycle to the upperside. We expect the corrective three wave cycle to continue to the upper side but should not go beyond 1.09890. If the price can successfully bounce off from this level, then this will be a good place to look for low risk sell order. Also, if the price can break below 1.08905, then that will signal a possible continuation of the previous five wave cycle and could push the price massively to the lowerside towards 1.07.

Trade Recommendations:

Waiting for a sell from 1.09890.

TRADE METALS WITHOUT SWAPS!

Bob Stan
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