On the Sidelines | 27 12月 2017

27 12月 2017, EUR/USD

On the Sidelines

Wave Analysis:

Somehow, euro is gaining momentum to the upper side. This is just a phase of the corrective wave (b) and should not rise above the end of the impulsive wave (5), 1.2064. If any clear rally to the upper side is seen, then this will likely culminate into a possible double top formation around 1.2064 which is a good sell place. From the current chart set and structure, we choose to remain on the sidelines and wait for a clear direction, either a rise towards the daily resistance level 1.2064 or a decline towards 1.1673. This pair should be traded alongside EURAUD, EURCHF, and EURHKD. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendations:

On the sidelines

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