10 Febrero 2017, EUR/USD
Wave Analysis:
Despite the bullish engulfing candle witnessed yesterday around 8:00 AM, the pair pulled back even lower and is currently below a key short term weekly support level 1.0666. As long as the pair remains below this level, we expect an acceleration to the lower side with our first target at 1.06267, A clear break below this target will mean waiting for a clear breakout below 1.06055 to confirm the continuation of a bearish price rally towards 1.05371. In the meantime, we're waiting for minor pullbacks to the upper side to give us low risk sell opportunities. Expect a similar price action AUDUSD, and GBPUSD. These pairs have a strong positive correlation of up to +85% and will have a similar price action during this intraday.
Trade Recommendations:
wait for minor pullbacks to the upper side to go short with the first target at 1.0626. A clear break below 1.06055 will push the price further to the lower side but should not go beyond 1.05371.
en 
cn 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
