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Old 09-02-2017, 05:49
VolkovYuriy's Avatar
VolkovYuriy VolkovYuriy is offline
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Join Date: Dec 2013
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Default Re: Fresh Forex forecast

Looking to rebuy the green candle

09 February 2017, EUR/USD


Wave Analysis:

Yesterday, Euro made a fresh weekly low of 1.06393 but ended up closing at 1.06968, just a few pips above our weekly pivot level 1.06664. Since the previous week's candle was a perfect bullish engulfing candle along a key pivot level 1.06664, we expect an acceleration to the upper side as long as the pair remains above this pivot level. Thus, we'll remain long with our first target at 1.07522, any clear breakout above this level will push the price further to the upper side towards 1.1059 or even higher. Expect a similar wave count in GBPUSD. These pairs will have a similar price action during this intraday.

Trade Recommendations:

As long as the pair remains above 1.06664, look for potential long positions with the first target at 1.07522. Any breakout above this target will push the price further to the upper side towards 1.1059.
Check the website for more information: https://freshforex.com/analitics/fre...sue_84887.html
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