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

Wait for a rebound from $1.1253-$1.1255

03 October 2016, EUR/USD

Wait for a rebound from  $1.1253-$1.1255

Wave Analysis:
During the previous trading day on 30th Sept 2016, Euro retraced to the upper side into our objective resistance zone $1.1253-$1.1255, Unless there is a clear breakout above this zone, we expect a possible rebound from this zone to sell this pair with an ideal target at $1.1144. Any clear breakout above 1.1255 will lead to a possible bullish price movements towards $1.1275 or even higher to $1.1322. Trade this pair alongside USD/JPY, and USD/CHF. These pairs have a strong negative correlation of up to 89% and will have an exact opposite price action during this intraday.

Trade Recommendations:

Expect a possible rebound from the zone $1.1253-$1.1255 to sell this pair with an ideal target at $1.1144. Buy positions are only recommended above $1.1255 with an ideal target at $1.1322.

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.