Expect a decline with a target at 1.1280. | 06 Julio 2017

06 Julio 2017, EUR/USD

Expect a decline with a target at 1.1280.

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (a) extended lower but is yet to reach our target rebound level 1.1280. During this intraday, we expect a possible bearish price rally but should not go beyond 1.1280, a break below this level will mean waiting for a confirmed breakout below 1.1254 to confirm a possible bearish price rally towards 1.1101. This view can only be rendered futile in case the price fails to break below 1.1280, if this should be the case, then a possible bullish price rally towards 1.14 is highly likely. Expect a similar wave count in GBPUSD and NZDUSD. These pairs have a strong positive correlation of up to +70% and will move in the same direction during this intraday.

Trade Recommendations:

Expect a possible rally rally towards 1.1280.

FreshForex cancels commissions!

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.