We're long | 17 January 2018

17 January 2018, EUR/USD

We're long

Technical Observation:

Yesterday, euro dropped massively hitting the lows of 1.2193 but ended up closing just a few pips below its opening price. The previous days candle is pretty much inside Monday's candle, thus, we expect a possible momentum to the upper side. The anticipated bullish price movements is the continuation of the impulsive wave (5) to the upper side and should break above 1.24 towards 1.30 or even higher. This pair should be traded alongside other positively correlated pairs such as GBPUSD, AUDUSD, NZDUSD and EURHKD. These pairs have a strong positive correlation of up to +57% and will move in the same direction during this intraday.

Trade Recommendations:

We're long with our target at 1.25

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus