EURUSD Elliot Waves Analysis For 25 May 2016 | 25 5月 2016

25 5月 2016, EUR/USD

EURUSD Elliot Waves Analysis For 25 May 2016

Wave Analysis:

EUR/USD is currently trading with a slight bullish bias. Yesterday, the pair traded short and even broke below a very significant support level 1.1166 and is currently retracing towards it. We expect the current upward rally to be a mere upward retracement and should not go above 1.1166. A break above this level will lead to an acceleration to the upper side, but should not close above 1.12177. This pair should be traded alongside NZD/USD, AUDF/USD and ER/HKD. These pairs have a strong positive correlation of up to +0.96 and will likely have a similar price action during this intraday.

Trade Recommendations:

If you are not short already, wait for the current upward pullback to end along 1.1166, then go short with your target at 1.1099. Buy positions are only recommended above 1.1166 with an ideal target at 1.12177.

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