23.09.202405:14 Forex Analysis & Reviews: Wave Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Monday September 23, 2024.

Relevance up to 22:00 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If we look at the daily chart of the main currency pair EUR/USD, it appears that Fiber failed to test the 1.1202 level, thus indicating that in the next few days as long as this level is not retested and successfully broken upwards, EUR/USD has the potential to weaken down to test the 1.1003 level to form FPS (First Primary Swing) B. Later, after B is formed, there will be a slight correction B1 & B2 where the SS (Secondary Swing) is to form point C, which will be an important point to continue its weakening to point D, where the level of point D is the SPS (Secondary Primary Swing) which is in the range of level 1.0777.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.