Still long | 10 October 2017

10 October 2017, EUR/USD

Still long

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (D) extended massively to the upper side and is still pretty much bullish both on the 4 hour and the daily charts. As long as the price remains above the lower supportive trend line, we expect this trend line to reject any movements to the lower side, thus, during this intraday, we expect a possible extension of the impulsive wave (D) to the upperside but should not go beyond the resistive trend line, where we'll be looking to short the impulsive wave (E) at the least risk. This pair will have a similar price action to GBPUSD and NZDUSD.

Trade Recommendations:

Remain long towartds the upper trend line

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus