Elliott waves analysis – You can rebuy euro around 1.1455


You can rebuy euro around 1.1455

Wave Analysis

Instead of rallying further to the upper side, euro pulled back massively to the lower side and is still above a key weekly support zone 1.1502-1.1455. As long as this zone protects the lower side, we expect a possible rebound from it to pick a low risk long position with an ideal target at 1.2444. But should the price close below 1.1502, then we’ll wait for another breakout below 1.1455 to confirm further bearish rally with the next ideal target at 1.0428. If you’re not already long, or have been stopped out, you could still buy around 1.1455.

Trade Recommendation.

You can rebuy euro around 1.1455

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