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EURUSD Elliot Waves Analysis For 27 June 2016

27 June 2016, EUR/USD

EURUSD Elliot Waves Analysis For 27 June 2016
Wave Analysis:
EUR/USD is currently trading with a bearish bias. During the previous trading day on 24th June 2016, Euro reacted negatively to Brexit, headed short and and may head further to the lower side. During this intraday, we are very reluctant to go long, instead, we will only be interested in signals giving sell opportunities. This pair should be traded alongside NZD/USD, AUD/USD, and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

Trade Recommendations:

Expect an acceleration to the lower side, look for potential sell positions with an ideal target at 1.0909.

Graham Osano
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