EURUSD Elliot Waves Analysis For 30th November 2015 | 30 نوفمبر 2015
30 نوفمبر 2015, EUR/USD
Technical View:
EUR/USD is currently trading with a bearish bias. The pair traded short as previously forecasted but could not close below our daily support 1.04956. As long as the pair trades above this level, we expect further movements downwards towards this support level. Any clear movements below 1.04637, will call for further short positions. This pair is strongly positively correlated to EUR/HKD, CHF/HKD, CHF/JPY and EUR/CAD. Therefore, only buy or sell Euro if all the other positively correlated pairs are giving the same signal.
Trade Recommendations:
Remain short with targets at 1.04945, and 1.04936. Any clear movements below this target zone will signal further movements to the lower side.
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.
