EURUSD short term counts are as follows: The drop between 1.1420 and 1.1167 could be Wave 1 or A. The subsequent rally towards 1.1350, is potential Wave 2 or B. Also note the Wave 2 had reversed form the fibonacci 0.618 retracement of Wave 1 (not shown today). It is quite possible that EURUSD may test 1.1350 levels before reversing, and in that case Wave 2 would be termed as a more complex corrective structure. Since carving potential Wave 2, EURUSD might have carved lower degree waves i and ii as well (not labelled). If the above structure holds well, EURO should stay below 1.1350 and broadly below 1.1420, going forward.
Remain short, stop @ 1.1400, target @ 1.0930 at least.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short, stop @ 1.1400, target @ 1.0930 at least.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.