We're short with our target at 1.1120 | 17 Oktober 2017

17 Oktober 2017, EUR/USD

We're short with our target at 1.1120

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (c) extended slightly to the lower side but is yet to cover even 5 perfect of the expected overall rally. During this intraday, we expect a possible extension of this impulsive wave count to the lower side but should not go beyond the daily support level 1.1120. If you're a bit skeptic to short this pair now, you could wait for a breakout below 1.1680, to confirm the continuation of the anticipated bearish price rally. This view can only be invalidated in case the price end up breaking above 1.1873, if this is the case, then a rise towards 1.2095, will be the next ideal move. This pair should be traded alongside EURUSD, NZDUSD and AUDUSD. These pairs have a strong positive correlation and will move in the same direction.

Trade Recommendations:

We're short with our target at 1.1120

FreshForex cancels commissions!

Bob Stan
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.