EURUSD Elliot Waves Analysis For 26 February 2016 | 26 2月 2016

26 2月 2016, EUR/USD

EURUSD Elliot Waves Analysis For 26 February 2016

Wave Analysis:

EUR/USD is currently retracing towards 1.1080. Unless the pair breaks above 1.1103, we may expect a rebound from 1.108 for us to go short with our target at 1.100 and 1.082. A break above 1.1103 will call for further long positions with an ideal target at 1.1331. This pair should be traded alongside other positively correlated pairs such as EUR/HKD, EUR/SGD and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and are thus expected to have a similar price action. Only buy or sell Euro if all the other positively correlated pairs are giving the same signal.

Trade Recommendations:

Unless there is a clear breakout above 1.1103, expect a rebound from 1.108 for you to execute short orders with your target at 1.100 and 1.082. A breakout above 1.1103 will call for further long positions with an ideal target at 1.1331.

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