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Flat | 28 March 2018

28 March 2018, EUR/USD

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Wave Analysis:

Instead of continuing long as previously forecasted, Euro pulled back lower and even went below the daily short term support level 1.24120. This move could be just a corrective wave count, however, as long as the price remains below 1.24120, we expect a possible bearish momentum towards 1.20889. If the price should get above 1.24120, then we'll be looking for long positions with our target at 1.25285. This pair should be traded alongside GBPSD, NZDUSD, AUDUSD and EURHKD. These pairs have a strong positive correlation of up to +52% and will move in the same direction today.

Trade Recommendations:

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