Trading Conditions
Products
Tools
Wave summary:
The most likely scenario remains, that wave i completed with the test of 1.7408 and wave ii lower to 1.6619 now is developing. Short-term a break below minor support at 1.7209 and more importantly a break below support at 1.7157 is needed to confirm that wave i has peaked and wave ii lower is developing.
Trading recommendation:
We are long EUR from 1.6770 and we will move our stop + revers higher to 1.7200 and we will place our take-profit + reverse at 173.25 - if this order is done our new stop will be placed at 174.15.
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.