we're long as long as the price is above 1.1455 | 03 Oktober 2018

03 Oktober 2018, EUR/USD

we're long as long as the price is above 1.1455

Wave Analysis

During the previous trading day, Euro declined steadily but is now pulling back to the upper side. As long as the price remains above 1.1455, we expect a possible momentum to the upperside with an ultimate target at 1.2500. However, should the price breakout above this target, then further momentum to the upperside is expected. And on the other side, a clear breakout below 1.1455 will push the price intensely to the lowerside with an ultimate target at 1.05. The anticipated bearish price rally is the continuation of the impulsive wave (c) and should break below 1.1325.

Trade Recommendations:

we're long as long as the price is above 1.1455

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Bob Stan
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