The EURUSD pair has raised to 1.1570 levels since printing lows at 1.1432 levels earlier this week. Please note that the pair has taken out price resistance at 1.1550 levels and is now seen comfortably trading into the buy zone of the immediate trendline resistance. Looking into the wave structure, we believe Waves A and B are now in place with Wave B termination seen at 1.1432 levels. If this holds well, prices should stay above 1.1432 levels going forward and continue higher towards 1.1830 resistance for now.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.