Expect Euro to trade on the lower ranges | 05 9月 2016

05 9月 2016, EUR/USD

Expect Euro to trade on the lower ranges

Wave Analysis:
Instead of going short as previously forecasted, the corrective wave 4 went a bit higher then expected following the NFP results release but ended up as previously forecasted. We expect to continue to the lower side with the impulsive wave 5 but should not go beyond the support level 1.1079. A clear breakout below this support may push the price further to the lower side but should not go beyond 1.1024. Expect a similar impulsive wave in the other positively correlated pairs such EU/HKD and GBP/USD. These pairs have a strong positive correlation of up to +0.85 and will have a similar price action during this intraday.

Trade Recommendations:

Remain short with an ideal target at 1.1079.

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