Remain short | 22 Febrero 2018

22 Febrero 2018, EUR/USD

Remain short

Wave Analysis:

Yesterday, the corrective wave (4) stretched significantly to the lower side and is still pretty much bearish both on the lower and the higher time frames. Today, and in the next few days, we expect a possible extension of this correction but should not go beyond our buyers territory seen at 1.2184. If the price can continue to rally to the lower side, then the support seen at 1.2184 will be the best place to buy this pair. However, if its broken, then we expect further decline with an ultimate target at 1.1545. This pair should be traded alongside EURHKD, EURCHF and EURSGD. These pairs have a strong positive correlation of up to +52% and will move in the same direction today.

Trade Recommendations:

Remain short but only up to 1.2184

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.