EURUSD potential bottom at 1.1526 or 1.1470 ?

2018년 9월 11일

The EURUSD hourly chart is suggesting that the currency remains a potential buy on dips. It remains to be seen whether 1.1526 is able to act as a bottom/support for the next leg up or a more complex correction is unfolding. If the latter scenario unfolds, we could see yet another drop lower in a flash, towards 1.1470 levels before the rally could resume. In either case, we can expect Wave C rally towards 1.2000/1.2100 levels in the coming sessions. What remains to be seen is that whether it materializes from here or from 1.1470 levels. A safe strategy could be to stay long and also look to add around 1.1470 levels.


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