Analysis

EUR/USD Can See more Weakness After A short-term Rally [Video]

Hello traders,

EURUSD keeps moving lower, now in the middle of a higher degree wave 3 and unfolding its sub-wave iii. That said, be aware of a temporary recovery into a sub-wave iv, once sub-wave iii finds a low, ideally at current levels. Resistance and a new turning point for the pair can later be at the 1.085/1.088 zone.

 

EUR/USD, 4h

Also check our newest VIDEO analysis below about the EURUSD,

Trade well,

 

 


 

You can subscribe to our webpage at EW-Forecast for more unique, and daily content. We also have a 7-day trial offer for FX services (1€) and for Crypto services (2€). Check it out!

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.