The fourth wave iv of senior level continue to form. Apparently, the third wave c is forming now and the whole of the fourth wave is taking a shape of a zigzag. The level 1.1205 is critical in this scenario.
Sell the pair from corrections below the level of 1.1205 with a target at 1.0880.
Breakout and consolidation above the level of 1.1205 will allow the pair to continue the rise up to a level of 1.1650.
October 24, 2016 Dollar at a 3-week winning streak
The US dollar completed three weeks of back to back gains with the US dollar index seen trading above the 98.55 handle. Without any pullback so far, further upside could come at a significant risk...
October 24, 2016 Golden week for dollar but USD/JPY bucks trend
It has been a very good week for the US dollar and a really bad one for the euro and Canadian dollar, among others. The rally has lifted the Dollar Index to its highest level since early February and possibly on course to 100...
October 21, 2016 EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
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