Looking for possible buy opportunities on the daily chart | 14 June 2017

14 June 2017, EUR/USD

Looking for possible buy opportunities on the daily chart

Wave Analysis:

For the past trading days, the corrective wave (4) extended lower but could not go beyond the level 1.1162, as long as this level protects any violation to the lower side, we expect a possible rebound from this level to buy the impulsive wave (5) towards 1.1533. Any break below 1.1162 may push the impulsive wave (4) further to the lower side but should not go beyond 1.1100 from where we'll be looking for low risk buy opportunities to long the impulsive wave (5) with an ideal target at 1.1533. Expect a similar wave count in GBPUSD, AUDUSD and NZDUSD. These pairs have a strong positive correlation of up to +87% and will move in the same price action during this intraday.

Trade Recommendations:

Expect a possible rebound from 1.1162 to buy this pair towards 1.1533.

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .