EURUSD Elliot Waves Analysis For 16 June 2016 | 16 6月 2016

16 6月 2016, EUR/USD

EURUSD Elliot Waves Analysis For 16 June 2016

Wave Analysis:

EUR/USD is currently trading with a bullish bias. Yesterday, wave (c) ended a bit earlier than expected, and instead of going short, the pair is currently retracing to the upper side. We expect the current upward movement to be a mere retracement, and should not go above the resistance level 1.1291. A clear close above this target will lead to an acceleration to the upper side but should not go above 1.1403. This pairs should be traded alongside AUD/USD, NZD/USD and GBP/USD. These pair have a strong positive correlation of upto +0.89 and will have a similar price action during this intraday.

Trade Recommendations:

If you are not long already, wait for a clear breakout above 1.1291, then go long with your target at 1.1403, a clear rebound from the resistance level 1.1291 will lead to an acceleration to the lower side but with an ultimate target at 1.1142.

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