26 January 2016, EUR/USD
EURUSD is currently trading with a bearish bias. During the previous trading day, Euro traded short and even broke below 1.085, unless there is a clear break out above 1.086, wave (5) will continue short with an ultimate target at 1.064. This pair should be traded alongside other positively correlated pairs such as EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP and GBP/AUD.These pairs have a strong positive correlation of up to +0.95 and are thus expected to have a similar price action. Only buy or sell eurusd if all the other positively correlated pairs are giving the same signal. Trade Recommendation.
Remain short with an ultimate target at 1.064