EUR/USD Forecast: long as the price remains above this zone

eur_gbp_1Wave Analysis

On 10 October, Euro rose tremendously and even went above the zone 1.0995-1.1095. As long as the price remains above this zone, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of both the impulsive wave (v) and (c) and should break above the previous week’s Highest high towards 1.1250. The idea is not to pick a buy position now, rather, wait for price to retrace back towards 1.0995 to pick a low risk buy order.

Trade Recommendations:

waiting for a bounce from 1.0995 to pick a low risk buy order.

waiting for a bounce from 1.0995 to pick a low risk buy order.

Origin: FreshForex

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