The EURUSD continues to consolidate and oscillate between the broad trading range between 1.1300 and 1.1500 levels. It is seen to have found support at 1.1324 levels yesterday and is trading around 1.1340 for now, ready to launch higher from here. Structurally, the EURUSD pair is most likely unfolding as an expanded flat since 1.1300 levels in mid August 2018. Furthermore, it has terminated Waves (A) and (B)around 1.1820 and 1.1270 levels respectively. Ideally, Wave (C) could be in progress now and it should unfold into 5 waves higher towards 1.1800 levels at least. If the above structure holds to be true, we could see 1.1270 levels remain intact and EURUSD pushing higher towards the above discussed levels.
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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.