FREE 10 Day Trial!
Trading signals,timely and accurate forecasts, video analysis... Try us for no-cost, for 10 days!
EURUSD recovered in impulsive manner from 1.2875 which means that sharp wave 2) pull-back is complete, which in fact found a bottom at typical support of wave 4 of one lesser degree. We suspect that new but much larger impulsive cycle has began, which will be red wave 3) where any near-term pull-back will be black sub-wave 2. This market is in a bullish mode while price trades above support line.
On 1h EURUSD chart we can see that price is testing support channel line connected from 1.2885 which will send pair lower, probably in to a corrective wave 2 pull-back that may retrace even to 1.3000 psychological level in the next three trading days.
On 1h EURUSD chart we can see that price is testing support channel line connected from 1.2885 which will send pair lower, probably in to a corrective wave 2 pull-back that may retrace even to 1.3000 psychological level in the next three trading days.
