Corrections | 26 Mei 2017
26 Mei 2017, EUR/USD
Wave Analysis:
Instead of going long as previously anticipated, this pair continues to correct downwards but should not descend below the thin green line shown above 1.1177, a break below this line will mean the corrective wave (iv) may extend lower but should not go below 1.1103 from where we'll be looking to buy the impulsive wave (v) a fresh with an ideal target at 1.14. Expect a similar wave count in GBPUSD. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday.Remain flat momentarily and wait for clear buy signal to buy the impulsive wave towards 1.14.
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.
