EURUSD

31 dic 2017

EURUSD is in the correction stage generating a zigzag pattern (ABC) that has been perfectly respected. Corrective wave B touched the level of fibonacci 78.6 and it is expected that the C wave would begin which would end the pattern. It is expected that it touches 100% of its extension and not much more since it would be equivalent to the 38.2 retracement of the bullish movement in which we are. Another important factor is that there is an important support. Therefore, the detailed level would represent an important purchase entry. Likewise, we do not rule out the possibility of it touching the expansion levels of 127% or 168%. See that the Expected Target Zone contains a high volatility level for the EURUSD.