possible corrections on the daily chart | 13 Junio 2017
13 Junio 2017, EUR/USD
Wave Analysis:
Despite our expectations to continue upwards, the corrective wave (iv) continues to rally to the lower side but should not go beyond 1.1161. A clear break below this level will push this corrective wave further to the lower side but should not extend below 1.1103 from where we'll be looking to buy the impulsive wave (v) with an ideal target at 1.1398. Expect a similar wave count in EURAUD, GBPUSD, NZDUSD and AUDUSD. These pairs have a strong positive correlation of up to +87% and will move in the same direction during this intraday.Wait for the current correction to end around either 1.1161 or 1.1103 then buy the impulsive wave (c) towards 1.1398.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
