We're short | 08 November 2017
08 November 2017, EUR/USD
Wave Analysis:
Euro continues to drop in price perfectly as previously forecasted and could drop even further. As long as the price remains below 1.1672, we expect a possible extension of the impulsive wave (C) to the lower side but should not go beyond 1.1120. If this support is breached, then further drop towards 1.10 is expected. This pair should be traded alongside CADJPY, AUDJPY and NZDJPY. These pairs have a strong positive correlation and will move in the same direction during this intraday. Only buy or sell euro if the other positively correlated pairs are giving the same signal.
Trade Recommendations:
Remain short towards 1.1120
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.
