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

EURUSD Elliot Waves Analysis For 26 July 2016

26 July 2016, EUR/USD

EURUSD Elliot Waves Analysis For 26 July 2016

Wave Analysis:

EUR/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted but is yet to reach our target resistance level 1.1034. During this intraday, we expect a possible bullish price rally towards 1.1034 or even higher to 1.1054. This pair should be traded alongside NZD/USD, GBP/USD, AUD/USD and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

Trade Recommendations:

Remain long with your targets at 1.1054.

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

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.