Looking for a sell | 11 October 2017

11 October 2017, EUR/USD

Looking for a sell

Wave Analysis:

During the previous trading day, euro went above the upper trend line but is currently around a key resistance level 1.18286. As long as the price remains below this level, we expect this level to have marked the end of the corrective wave (D), that the expected bearish price rally is the continuation of the impulsive wave (E) to the lower side but should not go beyond 1.16 by the close of this trading day. This pair should be traded alongside GBPUSD, NZDUSD, AUDUSD, EURHKD and EURAUD. These pairs have a strong positive correlation and will move in the same direction during this intraday.

Trade Recommendations:

Expect a possible short order around 1.18286 with your target at 1.16

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