Sell from 1.0972 | 27 Oktober 2016

27 Oktober 2016, EUR/USD

Sell from 1.0972

Wave Analysis

The Euro continues to retrace to the upper side despite our expectations to continue to the lower side. The current chart set up and structure shows signs of a possible increase in the number of buyers, nonetheless, we expect the current upward rally to be a mere corrective move and should not go beyond $1.1004. Any clear breakout above $1.1055 will lead to a possible bullish price rally towards $1.1279. Expect a similar wave count in GBP/USD. These pairs have a strong positive correlation of up to +86% and will have a similar price action during this intraday.

Trade Recommendations:

Conservative trades should wait for a clear rebound around $1.09720 to sell the impulsive wave (5) towards $1.0716

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.