Remain short | 04 اكتوبر 2016
04 اكتوبر 2016, EUR/USD
Wave Analysis
Perfectly as previously forecasted,the pair rebounded from the equilibrium zone 1.1243-1.1255, headed short and is still bearish. The daily chart is pretty much bearish and will likely drive the price further to the lower side but should not go beyond 1.1144. Any clear breakout below this target may push the price further to the lower side with the next ideal target at 1.112. Trade this pair alongside USD/CHF and USD/JPY. Expect this pairs to have an exact opposite price action during this intraday.
Trade Recommendations:
Remain short with an ideal target at 1.1144.
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.
