Rebuy this pair around 1.2184 | 23 February 2018

23 February 2018, EUR/USD

Rebuy this pair around 1.2184

Wave Analysis:

Since yesterday, no significant move has been seen towards our buyer zone seen at 1.2184-1.2150. We still expect a drop to this zone to pick a low risk buy position. The anticipated bullish price movements is the unfolding of the impulsive wave (5) to the upper side and should break above 1.2770 towards 1.30. This bullish anticipated can only be invalidated in case the price break below 1.2184, this being the case, we'll wait for another break below 1.2150 to confirm another bearish rally towards 1.1535. This pair should be traded alongside EURHKD, EURCHF and EURAUD. These pairs have a strong positive correlation of up to +52% and will move in the same direction today.

Trade Recommendations:

Re buy this pair around 1.2184 towards 1.2770

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