Buy euro towards 1.11915. | 31 10月 2019

31 10月 2019, EUR/USD

Buy euro towards 1.11915.

Technical Observation

The corrective three wave cycle ended around 1.10740. And currently, we're seeing the unfolding of another impulsive five wave cycle to the upperside. As long as the price remains above the level 1.10740, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive five wave cycle and should break above 1.11750 towards 1.124 or even higher. Conservative traders can wait for a break above the previous weeks highest high to pick a long term buy order.

Trade Recommendations:

Buy euro towards 1.11915.

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.