EURUSD Elliot Waves Analysis For 26 February 2016 | 26 Febrero 2016

26 Febrero 2016, EUR/USD

EURUSD Elliot Waves Analysis For 26 February 2016

Wave Analysis:

EUR/USD is currently retracing towards 1.1080. Unless the pair breaks above 1.1103, we may expect a rebound from 1.108 for us to go short with our target at 1.100 and 1.082. A break above 1.1103 will call for further long positions with an ideal target at 1.1331. This pair should be traded alongside other positively correlated pairs such as EUR/HKD, EUR/SGD and GBP/USD. These pairs have a strong positive correlation of up to +0.96 and are thus expected to have a similar price action. Only buy or sell Euro if all the other positively correlated pairs are giving the same signal.

Trade Recommendations:

Unless there is a clear breakout above 1.1103, expect a rebound from 1.108 for you to execute short orders with your target at 1.100 and 1.082. A breakout above 1.1103 will call for further long positions with an ideal target at 1.1331.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.