rajenderam40
Short

EUR/USD Wave analysis

FX:EURUSD   Euro Fx/U.S. Dollar
63 0 1
a year ago
Estimated pivot point is at a level of 1.0520.

Our opinion: In the short-term: sell the pair below the level of 1.0987 with the target of 1.0730. In the medium-term: wait for the completion of the correction and buy the pair above the level of 1.0520 with the target of 1.15.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0520 will allow the pair to continue decline to 1.0450 – 1.04.

Analysis: Presumably, the formation of the local correction continues as the second wave ii of 3. Locally it seems that the wave (c) of 2 has started to develop. If this assumption is correct, in the short-term the pair will continue to decline to the level of 1.0730.
a year ago
Trade active
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out