Expect a possible bullish price movements towards 1.12976 | 18 Mei 2017

Wave Analysis

After rebounding from the support level 1.08649, the pair traded massively long as anticipated and is still bullish on the daily chart. Today, we expect a possible bullish price movements towards 1.2676 and even higher. The anticipated upward rally is the continuation of the impulsive wave (v) and may extend higher than 1.2676. Although this upward rally is highly anticipated, we expect bearish corrections anytime from now. Expect a similar wave count in GBPUSD, AUDUSD, NZDUSD and GBPNZD. These pairs have a strong positive correlation of up to +78% and will have a similar price action during this intraday. Onkly buy or sell euro if the other pairs are giving the same signal.

Trade Recommendations:

Expect a possible bullish price movements towards 1.12976