empty
 
 
16.08.2017 12:54 PM
Wave analysis of the EUR / USD currency pair for August 16, 2017

This image is no longer relevant

Analysis of wave counting:

In general, it is expected that trading yesterday's EUR / USD pair will start with the continuation of the downward movement. After losing about 100 pips, it broke through the minimum level reached on August 8 at 1.1688. It can be assumed that the transition of the currency pair is confirmed the formation of the 3rd wave in (C). If this happens, there is a good prospect for currency pair to further lower the quotations in direction of the consolidation targets for the 3rd wave in (C), which is located up to the level of the 15th figure.

Objectives for building a downward wave:

1.1625 - 100.0% Fibonacci retracement

1.1585 - 127.2% by Fibonacci

Goals for building an upward wave:

1.1898 - 161.8% by Fibonacci

1,2000

General conclusions and trade recommendations:

If the currency pair supposedly completed the wave (B) near the mark of 1.1898, it is now possible to continue the decrease of quotations as part of the future (C). The targets are located near the levels of 1.1625 and 1.1585 corresponding to 100.0% and 127.2% of Fibonacci. Most likely, the correction of wave 2 has already completed its construction.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback