Euro / DollaroLong
ORBEX: EURUSD - Correction to Minor 4 Could Brings Heavier Bears
EURUSD could move a tad higher to complete minor wave 4 near 1.10 before continuing lower.
With minuette wave (a) and (b) looking completed we can now expect wave (c) to form and complete the correction.
Look for a valid rejection near 1.10!
Should prices move above the validation level bulls would gain more control and the projected pattern could break down.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
With minuette wave (a) and (b) looking completed we can now expect wave (c) to form and complete the correction.
Look for a valid rejection near 1.10!
Should prices move above the validation level bulls would gain more control and the projected pattern could break down.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
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