EUR/USD rising inside impulse waves 1, (1) and ③

EUR/USD rising inside impulse waves 1, (1) and ③

2019-11-11 • Updated

  • EUR/USD rising inside impulse waves 1, (1) and ③
  • Next buy target - 1.1900

EUR/USD continues to rise inside the minor impulse wave 1, which belongs to the intermediate impulse wave (1) of the primary impulse ③ from the start of November. The price earlier reversed up from the support zone lying at the intersection of the support level 1.1600, lower daily Bollinger Band and the 50% Fibonacci retracement of the previous sharp upward impulse wave (5) from June. EUR/USD is expected to rise to the next buy target at the next resistance level 1.1900.

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