Buy above 1.0990 | 01 11月 2016

01 11月 2016, EUR/USD

Buy above 1.0990

Wave Analysis

As previously anticipated, the corrective wave (4) traded short but could not go beyond the short term support level $1.0942. We expect the level 1.0942 to have marked the end of the corrective wave (4), that the current upward rally is the unfolding of the impulsive wave (5) towards the resistance level $1.10371 or even higher. Although the upward rally is highly anticipated, conservative traders should wait for a clear breakout above $1.099 to go long. This pair should be traded alongside GBP/USD. These pairs have a strong positive correlation of up to +86% and will have a similar price action during this intraday.

Trade Recommendations:

Conservative trader should wait for a breakout above 1.099 to go long.

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus