We're short towards 1.1120. | 07 نوفمبر 2017
07 نوفمبر 2017, EUR/USD
Wave Analysis:
During the previous trading day, euro dropped slightly to the lower side but is yet to reach our target set at 1.1120. During this intraday, we expect a possible rise to the upper side towards 1.1656, where we'll be looking to resell the impulsive wave (c) towards 1.1120. If the price can rise above 1.1656, then we expect further rise towards 1.2095, where we'll be looking for a possible sell. This pair should be traded alongside GBPUSD, NZDUSD, AUDUSD, and GBPAUD. These pairs have a strong positive correlation and will move in the same direction today.
Trade Recommendation:
We're short towards 1.1120.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
