Finally, the EURUSD price action is suggesting that the wave structure could be near to complete or complete at today's lows at 1.1463 levels. Please note that quite a few convergence is occurring around current price action; fibonacci 0.618 support of Wave A, Bullish divergence on RSI (not shown here), and a potential engulfing bullish candlestick pattern could be underway. Conservative trading strategy could be to wait until prices break above 1.1600 levels, which is immediate resistance. It could be assumed that bulls might be very close to regain control back.
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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.
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.