manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

EURUSD Elliot Waves Analysis For 29 December 2015

29 December 2015, EUR/USD

EURUSD Elliot Waves Analysis For 29 December 2015
Wave Analysis:
EUR/USD is currently trading with a slight bearish bias. During the previous trading day, euro made little movements towards our set targets of 1.081, and 1.101. We are waiting for a clear move above 1.101, to buy with targets above 1.107, and a clear move below 1.081 to sell with targets below 1.055. This pair should be traded alongside other pairs such as EUR/HKD, EUR/SGD and GBP/USD. These pairs have a strong positive correlation of up to +0.98 and are thus expected to have a similar price action.

Trade Recommendation:

Waiting for a clear move above 1.101, then buy with targets above 1.107, and a clear movement below 1.081 then sell with targets below 1.055

Graham Osano
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .