Corrections | 29 May 2017

29 May 2017, EUR/USD

Corrections

Wave Analysis:

During the previous trading week ending 26th may 2017, the corrective wave (4) traded on the lower ranges but is still within our retracement zone 1.1097-1.1189. As long as this zone protects any invasion to the lower side, we expect a possible rebound from this zone to buy the impulsive wave (5) towards the weekly resistance 1.1455. A break above this resistance line will push the price further to the upper side. Expect a similar wave count in GBPUSD, AUDUSD and NZDUSD. These pairs will have a similar price action during this intraday.
Trade Recommendations:
Expect a possible rejection from 1.1097-1.1189 to buy this pair towards 1.1455

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus