EURUSD carves a higher low at 1.1305 levels!
The EURUSD is seen to be trading around 1.1360 levels at this point in writing after having carved a higher low at 1.1305, on Friday. Ideally, it should remain above 1.1213 levels going forward, to keep the medium term bullish structure intact. At a higher degree wave count, EURUSD seems to be unfolding into an (A)-(B)-(C) correction since mid August 2018, after producing 5 wave lower from 1.2550/60 levels earlier. Please note that the correction could be an expanded flat or a triangle and could terminate around 1.1650 or 1.1820 levels respectively. At a lower degree, Wave (C) is seen to be unfolding as an a-b-c structure, at the moment. If the above structure and counts should hold, we could witness a sharp rally towards at least 1.1650 levels. Overall, the medium term bullish structure remains for now.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
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