EURUSD expected to terminate around 1.1500/50

1 oct 2018

The EURUSD pair accelerated its drop on Friday, printing lows at 1.1570 levels before pulling back. As suggested earlier, EURUSD is into its last leg corrective drop within the expanded flat wave structure. It could be terminating around 1.1550 levels or drop through 1.1500 levels before finding support again. It remains to be seen where bulls would regain control. We have changed our trading strategy to long from neutral and it is safe to remain long until prices remain above 1.1300 levels going further. Looking at the wave structure for medium term, bulls are expected to regain control soon.


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