EURUSD very close to turning bullish again (1.1450/60)

4 ott 2018Finally, 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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