27 September 2017, EUR/USD
Wave Analysis:
Perfectly as previously forecasted, we continued short with the corrective three wave cycle, with the last impulsive wave (c) extending lower but should not go beyond 1.16894. As long as the price is contained above 1.16894, we expect a possible rebound from this level to buy this pair at the least risk possible. We expect that, upon a rebound from 1.16894, we expect an impulsive bullish wave count towards 1.22. This view can only be invalidated in case the price ends up violating the support 1.16894, if this is the case, then we expect further bearish correction towards 1.11282. This pair should be traded alongside AUDUSD, NZDUSD and GBPUSD. These pairs have a strong positive correlation and will move in the same direction during this intraday.
Trade Recommendation:
Flat
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