Correction mode | 20 December 2017

Wave Analysis:

During the previous trading day, euro continued to correct itself to the upper side despite the previous forecast that it should fall. This upward rally is mere correction and should not go beyond the end of the larger corrective wave (b), if this correction can continue today, then we're waiting for a sell position around 1.1995. The anticipated sell order is the continuation of the impulsive wave (c) to the lower side but must first pass through 1.1673 and then 1.1120, This pair have a very strong positive correlation to EURHKD, EURMXN and EURSGD. 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 pairs are giving the same signal.

Trade Recommendations:

Expect further corrections towards 1.1995