Short Euro around 1.1968-1.1787 | 25 8月 2017

25 8月 2017, EUR/USD

Short Euro around 1.1968-1.1787

Wave Analysis

For the past two months, this pair has been in a constant uptrend but is currently around a key resistance zone 1.1968-1.1787. As long as this zone shields the upper side, we expect a possible rebound from this zone to short euro at the least risk possible. If this zone is broken, then a bullish rally towards 1.38 is expected. Ideally, we expect the previous months rally towards 1.1968-1.1787 to have marked the end of this correction, that the anticipated bearish rally is the continuation of the impulsive wave (5) to the lower side and could break below 0.9693. Trade this pair alongside GBPAUD, EURUSD and NZDUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

Short Euro around 1.1968-1.1787 with your target at 0.9693.

FreshForex cancels commissions!

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