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

February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...
February 24, 2017
Dollar falls as peso and gold rally
The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...
February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...

FxPro Rating
 FXTM Rating
Orbex Rating
Tickmill Rating
Larson&Holz IT Ltd Rating
Fort Financial Services Rating

OptionBit Rating
OptionFair Rating
99Binary Rating
OptionTrade Rating
Banc De Binary Rating
Beeoptions Rating