01 февраля 2018, EUR/USD
Wave Analysis:
No significant move has been seen on this pair since the previous day's forecast. According to the hourly chart attached, it's good to remain on the sidelines and only sell or buy if a clear buy candle is seen. A key resistance level can be seen around 1.2530 while a support can be seen at 1.2286, either buy upon a rebound from 1.2286 or on a breakout above 1.2530. This pair should be traded alongside EURHKD, GBPUSD, AUDUSD, and NZDUSD. These pairs have a strong positive correlation and will move in the same direction today. Only buy or sell euro if the other positively correlated pairs are giving the same signal.
Trade Recommendations:
Flat
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