empty
 
 
10.12.2018 09:47 AM
Wave analysis of EUR / USD for December 10. The euro is growing, but can go above 1.15?

This image is no longer relevant

Wave counting analysis:

In the course of trading on Thursday, the EUR / USD currency pair gained about 20 basis points, which allows us to conclude that the proposed wave C is being built as part of the corrective set of waves. Thus, the increase in quotations can continue with targets located near the Fibonacci levels of 100.0% and 127.2%. An unsuccessful attempt to break through the level of 100.0% may lead to a departure of quotes from the reached maximums and the completion of the construction of wave C.

The objectives for the option with sales:

1.1215 - 0.0% of Fibonacci

The objectives for the option with purchases:

1.1471 - 100.0% of Fibonacci

1.1528 - 127.2% of Fibonacci

General conclusions and trading recommendations:

The currency pair continues to be in the framework of building an upward set of waves. Thus, today I expect an increase with targets located near the estimated levels of 1.1471 and 1.1528. Tomorrow, the British Parliament will vote on the Brexit project, and its results may affect the wave picture of the EUR / USD pair. Therefore, the fact that the wave marking may require the introduction of clarification, you must be ready.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback