EUR/USD: wave analysis on 17.08.2015

August 17, 2015

A growth possibility remains.

Assumingly, the third wave of the senior level 3 is forming. Locally, the first wave i of 3 in a shape of a diagonal seems to be forming. If the assumption is correct the growth towards 1.1300, 1.1400 continues after a small correction. A critical for this scenario is the level of 1.0840, the breakdown of which would allow the pair to fall to 1.0700.

Trading tips

Wait for the correction to end and buy the pair above the level of 1.0840 with targets at 1.1200, 1.1400.

Alternative scenario

The breakdown and consolidation below the level of 1.0840 would allow the pair to fall to 1.0700, 1.0650.

Publication source
LiteForex information  LiteForex reviews

December 8, 2016
U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016
US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...

HotForex Rating
FBS Rating
Z.com Trade Rating
EXNESS Rating
Grand Capital Rating
Tickmill Rating

24option Rating
OptionRally Rating
OptionsXO Rating
Beeoptions Rating
EZTrader Rating
Banc De Binary Rating