EURUSD Forecast and Harmonic Overview
We have reached our third target at 1.12700.
The ECB will publish its Private Sector Loans and M3 Money Supply later in the morning.
On the US side, Q3 GDP and New Home Sales figures will be on focus.
Persistent uncertainty and lack of serious progress around the Brexit negotiations continue to weigh on global sentiment as well as Italian politics, where the 2019 budget still remains in the centre of the debate.
US 10Y Yields reversed and started to recover.
Technically, break below 1.12700 will carry the pair 1.12400. A minor retracement can be seen at 1.12400 towards 1.13000 hurdle.
The traders who like to try long for a minor retracement can take the trade as : LONG ENTRY: 1.12450 – 1.12350 target 1.12750 1.13100 stop 1.12000 ( Trade is based on Bullish Bat Harmonic Pattern )
We keep our beraish bias midterm targeting 1.11800 , 1.10200 and 1.08800
You can check our signal results
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