Rebuy euro around 1.1513 | 22 Agustus 2018

22 Agustus 2018, EUR/USD

Rebuy euro around 1.1513

Wave Analysis

During the previous trading day, the previous five wave cycle was corrected to the upper side and the price is now above a key level 1.1513, as long as the price is above this level, we expect a possible momentum to the upper side, the anticipated bullish price rally is just the unfolding of a corrective three wave cycle and should not go above 1.1755. This view can only be broken in case the price breaks below 1.1513, then we'll wait for a break below 1.1335, to pick a short position

Trade Recommendation:

Rebuy euro around 1.1513

101% Double the volume

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Bob Stan
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