Permanecer 
Condições de Negociações
Ferramentas
Today we use the Elliott wave theory to identify in which phase of this bullish cycle we are in EURUSD. According to our analysis we are in the final fifth wave of the upward move that started in March at the lows around 1.0630.
Blue rectangle - first target area of 1.2130
Black rectangle - 2nd target of 1.24-1.2440
Red line -first wave
EURUSD is currently inside a bullish wave formation from 1.06 lows. So far we with high degree of certainty we can say that waves 1,2,3 and 4 have been completed and we are inside the final upward wave, wave 5. An extension of wave 5 equal to 161.8% of wave one will bring EURUSD to 1.24-1.2440 area. However the most probable outcome would be for wave five to be equal to the first wave and reach 1.2130 where our first target is and where we expect to see a medium-term top. Wave 5 has started at recent lows at 1.1597 and so far there is no clear 5 wave formation in order to assume wave five has been complete. Only a reversal below 1.16 will confirm that the entire upside wave pattern is complete. Until then we expect price to continue higher to finish its fifth wave around 1.2130.
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.
Podemos usar cookies para analisar os dados dos nossos visitantes, melhorar nosso site e medir o desempenho da publicidade. No geral, esses dados são usados para proporcionar uma melhor experiência no site. Mais informações.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
