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AlgoVenture
Jun 11, 2019 4:36 AM

EURUSD: Awaiting 2nd Wave of Pullback Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD fell into consolidation after the most recent bullish run.
The price has pulled back once and the rebound followed was not strong which may lead to another wave of pullback.
From the current structure, we are most likely going to expect the 2nd wave of pullback (probable AB=CD).
We will wait for the pullback and look for buy opportunity at 1.126.
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