20 June 06:35 AM
Forex news, EURUSD.
From day to day common European currency forms a range of differently directed impulses, bearing the strength of corresponding wave level h1, against US dollar. A certain sense of this can be distinguished by moving upwards the timeframes. Thus Daily timeframe shows that long-term trend of EURUSD is bearish, and that at this point EURUSD currency pair is within the flat zone, forming upward correction.
With reference to intraday trade, specialists of the System of Early Prediction Sub-department of Masterforex-V Trading Academy suppose that last two waves of m30-h1 may well be identified as a combination of waves А and В, which makes traders’ hearts thrill in the expectation of wave C of corresponding downtrend. Fears and doubts result merely from potentially crafty nature of the abovementioned wave В, which may be apt to transformation into something different from correctional formations.
Analysis by: Tatiana Kashyrskaia, analyst of Forex EURUSD Department, trader of SRP Sub-department of Masterforex-V Trading Academy
You are free to discuss this article here: forum for traders and investors
What is the key factor of successful trading? There is no universal answer to this question. Everyone can give his own reasoning. However, the most typical answers include: