EURUSD Elliot Waves Analysis For 5 February 2016 | 05 Fevereiro 2016

05 Fevereiro 2016, EUR/USD

EURUSD Elliot Waves Analysis For 5 February 2016
Wave Analysis:
EUR/USD is currently trading along a very significant daily resistant 1.1208. Unless the price close above 1.123, we will have remain on the sidelines. A close below 1.1164 would mean we are headed short but with our target at 1.1070. Euro should be traded alongside USD/JPY, these pairs have a strong inverse correlation of up to -0.95 and are thus expected to move in an exact opposite direction. Only buy or sell Euro if usd/jpy is giving an exact opposite signal.

Trade Recommendation:

Buy above 1.1236 with your target at 1.129 and 1.137. Sell below 1.1164 with your target at 1.1070

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