Eurusd Aanalysis – EURUSD likely correction next week
It looks like wave 5 of wave 1 is in progress and price is about to take a look at a confluence zone around 1.094. however this is be} only a situation that i’m following so I can trade the correction. additional importantly the expected wave three of larger degree lower that ought to follow will be strong.
We can sell that wave three once the correction is complete. however since we are in a exceedingly|in a very} bearish impulse we’ve to take into consideration the chance of an extension lower. i’d therefore like to see divergence during this zone (1.094) in combination with a reversal pattern on lower time frames. Updates can follow once price reaches this area.
In Other view Point – EUR/USD breaks major trendline support, targets 1.09115/1.10830
It is good to sell on rallies around 1.1010 with SL around 1.10750 for the TP of 1.0910/1.0830
EURUSD Market Analysis – [17th – 21st Oct]
The bearish momentum on EURUSD is powerful, breaking few key support levels last week; and additional importantly, price broke and closed below the strong psychological 1.1000 level. Our bias remains to the downside, and a break of 1.0953 will see price reaching lower towards 1.0812.