Wait for slight bullish pullbacks | 26 April 2018

26 April 2018, EUR/USD

Wave Analysis

In contrary to what we forecasted, the impulsive wave (c) went a bit lower than expected and is now rallying below the daily support level 1.21917. As long a the price remains below this level, we expect a possible extension of the impulsive wave (c) to the lower side but should not go beyond the next daily support level seen at 1.20304. If this support is broken, then expect further momentum to the lowerside with an ultimate target at 1.16670. Should the price get again above 1.21917, then expect further momentum to the upper side with a target at 1.25037.

Trade Recommendations

As long as the price is below 1.21917, expect a possible momentum to the lowerside towards towards 1.20304

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