Corrections | 29 Mei 2017
29 Mei 2017, EUR/USD
Wave Analysis:
During the previous trading week ending 26th may 2017, the corrective wave (4) traded on the lower ranges but is still within our retracement zone 1.1097-1.1189. As long as this zone protects any invasion to the lower side, we expect a possible rebound from this zone to buy the impulsive wave (5) towards the weekly resistance 1.1455. A break above this resistance line will push the price further to the upper side. Expect a similar wave count in GBPUSD, AUDUSD and NZDUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:
Expect a possible rejection from 1.1097-1.1189 to buy this pair towards 1.1455
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.
