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Wait | 12 November 2019

12 November 2019, EUR/USD

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Wave Analysis

Instead of continuing to the lowerside, Euro pulled back to the upperside but is yet to reach our sell place. As it is on the 4 hours chart, we expect a possible correction of the impulsive wave (c) to the upperside but should not go beyond 1.1026. This view can only be invalidated in case the priec breaks and closes below this week's current lowest low. If this is the case, then we'll expect further continuation of the impulsive wave (c) to the lowerside and should break below 1.0960.

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