Log in

We're short

28 October 2016, EUR/USD

Wave Analysis:

As previously forecasted, Euro rose earlier yesterday, but ended up closing below its opening price. The previous day’s candle is an exhaustion candle around a key pivot level $1.0907. We expect this level to have marked the end of the corrective wave (4), that the current downward rally is the unfolding of the impulsive wave (5) towards $1.0710 or even lower. This view can only be rendered futile in case of a bullish spike above the previous day’s highest high $1.0943. Expect an exact opposite price action in USD/CHF and USD/JPY.

Trade Recommendations:

Remain short with an ideal target at 1.07106

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.