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

October 27, 2016
Equities investors are becoming hard to satisfy
Uninspiring earnings projections from giant U.S. companies are weighing on Asian equities this morning after Wall Street stocks fell for a second day...
October 27, 2016
USD eyes durable goods orders; pending home sales
The US Dollar Index doji pattern and the subsequent bearish close yesterday is indicating signs of exhaustion as traders wait for more catalyst from today's durable goods orders and pending home sales...
October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...

FXTM Rating
FxPro Rating
Vantage FX Rating
HYCM Rating
FBS Rating
Grand Capital Rating

Binary Brokerz Rating
OptionFair Rating
Grand Option Rating
Porter Finance Rating
Empire Option Rating
OptionRally Rating