23 March 2016, EUR/USD
EUR/USD is currently trading with a bearish bias. During the previous trading day, Euro traded perfectly short as previously forecasted but is yet to reach our target level 1.1175. We still anticipate further movements towards this support level for wave (b) to end along the lower supportive trendline. Ideally, we expect to buy wave (c) fom 1.1175with our target at 1.1475. A clear break below the lower supportive trendline will call for further movements to the lower side with our target at 1.1027. Euro should be traded alongside GBP/USD. These pairs have a strong positive correlation of up to +0.94 and will likely move in a similar direction during this intraday.
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