Main >
Analytics
>
Fresh forecast
>
Elliott waves analysis
>
EURUSD Technical Analysis For 27th October 2015

EURUSD Technical Analysis For 27th October 2015 | 27 October 2015

27 October 2015, EUR/USD

EURUSD Technical Analysis For 27th October 2015
Technical View:
EUR/USD is currently trading with a slight Bullish bias. Eur continues to pullback upwards towards the now resistant trend line even as EUR/CAD, a positively correlated pair, is trading along a very significant resistant trend line, 1.4583. We expected this retracement to end along the resistant trend line otherwise we will continue long. Ideally, should EUR/CAD fail to close above 1.4629, then we will be short on both pairs as long as EUR/USD also trades below the resistant trendline. We expect wave (c) to close right below 1.08696.
Trade Recommendations:
As long as EUR/USD trades below the resistive trendline and EUR/CAD below 1.4629, then short positions should be ideal for trading but with TP at 1.09833 and 1.08697. In an alternative scenario, should the price close above the resistive trendline, then we will assume that the price was merely testing the trendline, and thus we expect to continue long, as long as EUR/CAD also trades above 1.4629
Bob Stan
Agree with the review?
Traders' opinion:
Close
Login

Tunjukkan kata laluan

Hide password

 Terlupa kata laluan anda?
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 .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.