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Expect corrections anytime from now

Expect corrections anytime from now | 30 June 2017

30 June 2017, EUR/USD

Expect corrections anytime from now

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (v) extended higher and is still pretty much bullish on the daily chart. During this intraday, we expect a possible correction of this impulsive wave (v) but should not go beyond the support level 1.1289 from we'll be looking to re buy this wave at the least risk. If the level 1.1289 is broken, then we'll wait for a break below 1.1254 to confirm a possible end of the impulsive wave 5 wave cycle and could mean we're heading short. Expect a similar wave count in GBPUSD and NZDUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

Wait for a pullback before re buying this pair

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Bob Stan
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