AbhishekHSinghCMT
Long

EURUSD--60 Pips + from 1.1075 to 1.1015..3rd of 3rd-Update-3

FX:EURUSD   Euro Fx/U.S. Dollar
164 0 7
Prices looks like it thrusted out of a triangle in downside direction to kiss the zone 1.1005--1.1015 as per previous update-" EURUSD--3rd of 3rd Update-2". EU is trying to form a base in the current zone 1.1005--1.1015 ...Momentum is reducing..Sooner or later we shall look for bounce in EU..in the zone ...1.1080--1.1090 where it will retrace 50% or 1.1100--1.1110 which is 61.8% of the fall from 1.1165 to 1.1008...former 50% looks good target zone which is 1.1080--1.1090..

Regards,
Abhishek H.Singh, CMT
Trade active: 07:25 Hrs--IST--20th July 2016--Fall from Triangle Area looks to be completed..Waiting for impulsive ..movement 1.1035 shall confirm the same. Regards
Trade closed manually: 12:30 Hrs--IST--20th July 2016--Closing this position with 15 pips loss at current price 1.0990...
Comment: 12:32 Hrs--IST--20th July 2016-- 5th Wave is still going on & no confirmation ...how much time it will take..I shall come back again because I am still open for the corrective rally till 1.1080--1.1090 zone...Regards, Abhishek
Trade closed manually: Closed
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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