EURUSD Elliot Waves Analysis For 9 August 2016 | 09 Agosto 2016

09 Agosto 2016, EUR/USD

EURUSD Elliot Waves Analysis For 9 August 2016

Wave Analysis

EUR/USD is currently trading with a bearish bias. Yesterday, Euro dropped sharply but could not close below 1.1073. The level 1.1073 is a key short term support level and will require a bit of bearish pressure to break below. But as long as the level protects the lower side we expect a possible bullish rebound from this level to go long with an ideal target at 1.111 and 1.1159. This pair should be traded alongside AUD/USD, GBP/USD, NZD/USD and EUR/HKD. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

Trade Recommendations:

As long as the level 1.1073 protects the lower side expect a possible rebound from this level to go long with an ideal target at 1.1112 and the next target at 1.1159. Sell positions are only recommended below 1.1073 with a Stop at 1.1112

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus