13 April 2017, EUR/USD
Wave Analsis:
On 10th April of this month, Euro bounced off from the supportive trend line , headed long but is currently rallying around a key short term resistance line 1.06797. Unless there's a clear close above this level, we choose to remain flat momentarily and expect a possible rebound to go short. A clear break above this level will mean waiting for pullback towards it to buy at low risk with our target at 1.08649. In case of a rebound from 1.06797, we expect an acceleration to the lower side and a possible break below 1.05867. This pair should be traded alongside GBPUSD, AUDUSD and NZDUSD. These pairs will have a similar price action during this intraday. Only buy or sell Euro if the other positively correlated pairs are giving the same signal.
Trade recommendations:
Expect a possible rebound from 1.06797 to go short with an ideal target at 1.05867. Any clear break above 1.06797 will mean going long with an ideal target at 1.08649.
en 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 