We're long with a target at 1.20650 | 04 10月 2017

04 10月 2017, EUR/USD

We're long with a target at 1.20650

Wave Analysis

During the previous trading day, the impulsive wave (c) extended slightly to the lower side but could not go beyond the support zone 1.17131-1.16854. We expect this zone to have marked the end of the corrective three wave cycle that the current bullish price rally is the unfolding of an impulsive five wave cycle to the upper side but should not go beyond 1.20650. this view can only be invalidated in case the price goes below 1.16854, if this is the case, then the price could drop with a target at 1.1370.This pair should be traded alongside CADJPY, NZDJPY, CHFJPY and USDCHF. These pais have a strong negative correlation and will move in different directions during this intraday.

Trade Recommendations:

We're long with a target at 1.20650

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.