The 4H chart view has been presented today, keeping in mind November and December series. The EURUSD reversed yesterday from 1.1302 levels, just 1 pip higher than the previous swing low at 1.0301 levels and this keeps the medium term structure as a standard flat unfolding. Also, we maintain our medium term bullish outlook. Now, let us have a look at the time each wave has taken to build; Wave A was Aug-Sep, Wave B was Sep-Oct. If Wave C were to begin today, we could at least count on Nov-Dec for bulls to remain in control. This is not a thumb rule though just applying time based equality. Looking into the price potential, Wave C could terminate through 1.1850 levels easily and also push towards 1.2000/100 levels.
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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.