Buy Euro around 1.16127. | 23 August 2017

23 August 2017, EUR/USD

Buy Euro around 1.16127.

Wave Analysis

After an impulsive wave to the upper side, the impulsive wave (v) only reached the highs of 1.18990 before turning around. We expect the downward rally that began few days ago to be a corrective wave count and may go beyond 1.16127, if this level is broken, then the price could fall further with the next ideal target at 1.13354. The best place to long this pair is either around 1.08649, or 1.13354 or 1.16127, if price can pullback to any of these levels, then these will prove the best places to long this pair. This pair should be traded alongside GBPUSD, AUDUSD and NZDUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday.

Trade Recommendations:

Buy Euro around 1.16127.

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .