23 ноября 2016, EUR/USD
Wave Analysis:
Yesterday, Euro opened at 1.0627, went as low as 1.05824 but ended up closing at 1.06262, just a few pips below it's daily opening price. The previous day's candle is pretty much an indecision candle, unless there is a clear breakout above the previous day's highest high, 1.06565, we expect a possible bearish wave count towards 1.04450 or even lower. The anticipated downward rally is the continuation of the impulsive wave (5) to the lower side. Expect a similar wave count in EUR/AUD, NZD/USD, AUD/USD and GBP/USD. These pairs have a strong positive correlation of up to +74% and will have a similar price action during this intraday. Only buy or sell Euro if the other pairs are giving the same signal.
Trade Recommendations:
Unless there is a clear breakout above 1.06565, expect a possible bearish price rally towards 1.044. Alternatively, you can wait and go short below 1.05822 with an ideal target at 1.04545
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 