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

EURUSD Elliot Waves Analysis For 13 June 2016

13 June 2016, EUR/USD

EURUSD Elliot Waves Analysis For 13 June 2016

Wave Analysis:
EUR/USD is currently trading with a strong bearish bias. on 10th June 2016, this pair broke below a significant support level 1.1283 and is still pretty much bearish. Although we expect further movements to the the lowerside, we will only go short upon a clear rebound from 1.1283 or on a breakout below 1.12177 with an ideal target at 1.1142.This pair should be traded alongside NZD/USD, and AUD/USD. These pairs have a strong positive correlation of up to +0.85 and will have a similar price action during this intraday.

Trade Recommendations:

Wait for the current upward rally to rebound from 1.1283 then go short with your target at 1.12177. A break below this target will call for further short positions with an ideal target at 1.1142.

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 .