Buy euro upon a rebound from 1.2149 | 16 Marzo 2018

16 Marzo 2018, EUR/USD

Buy euro upon a rebound from 1.2149

Wave Analysis:

Euro continues to correct itself to the lower side despite the previous days forecast that it could continue upwards. We expect this downward rally to be a mere correction and should not go beyond the supportive zone 1.2149-1.2178 where we'll be looking to buy the impulsive wave (5) towards 1.3000 or even higher. If you're not already in a long position, you could look for a buy position upon a rebound from 1.2149, or a sell a breakout below 1.2149. This pair should be traded alongside CADJPY, CHFJPY and NZDJPY. These pairs have a strong negative correlation and will move opposite directions today.

Trade Recommendations:

Buy euro upon a rebound from 1.2149 towards 1.3000

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.