Trading Conditions
Products
Tools
As long as resistance at 124.93 is able to cap the upside a more complex correction in wave ii remains possible for a second decline to 122.70.
If, however resistance at 124.93 gives away the alternate count comes into play. Under this count wave ii completed already with the dip to 123.40 and wave iii higher to 132.12 developing already.
R3: 126.38
R2: 125.81
R1: 125.19
Pivot: 124.93
S1: 124.55
S2: 124.10
S3: 123.72
Trading recommendation:
We will buy EUR at 123.00 or upon a break above resistance at 124.93
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.