1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EURUSD : New Corrective Recovery In Play

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Joined:
    Sep 1, 2015
    Messages:
    4,021
    Likes Received:
    1
    EURUSD turned sharply up from the low yesterday after the ECB press conference, but this move has been technically expected even ahead of NFP as we identified an ending diagonal in wave 5) of (3). We know that ending diagonal usually causes a sharp and aggressive turning point so current move up is not a surprise. We see leg up as wave A), part of a minimum three wave rally in wave (4) that can reach even 1.1070 this month. However, in the next few days we may see a retracement down in wave B)

    Continue reading...
     

Share This Page