EUR/USD: wave analysis on 22.07.2015

July 22, 2015

A growth is expected.

Assumingly, the "bearish" correction of the senior level within the wave 2, which currently has the form of a zigzag, has formed. Locally, as it seems, a small starting impetus has formed; and, if the assumption is correct, after the correction the pair will continue growing towards 1.1200-1.1400. A critical for this scenario is the level 1.0800, the breakdown of which would allow the pair to continue declining towards 1.0700.

Trading tips

Buy the couple from corrections, above 1.0800 with the target at 1.1200-1.1400.

Alternative Scenario

The breakdown and consolidation below 1.0800 would allow the pair to continue declining towards 1.0700.

Publication source
LiteForex information  LiteForex reviews

October 25, 2016
Fed speech, flash PMI push dollar to a fresh 8-month high
Marking the final day of Fed speeches ahead of the one-week blackout period starting today, FOMC voting member, Bullard said that December was most likely for a rate hike...
October 25, 2016
M&A activities drove equities, focus shifts to earnings
Equity markets began the week on a positive note with M&A activities, positive earnings, and better than expected manufacturing data from the Eurozone and U.S. all boosting appetite to risk...
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...

Orbex Rating
OANDA Rating
XM Rating
Fort Financial Services Rating
FXTM Rating
FXCM Rating

24option Rating
OptionBit Rating
Binary Brokerz Rating
IQ Option Rating
365BinaryOption Rating
EZTrader Rating