Rimani 
Condizioni di trading
Strumenti
EUR/USD, H4 timeframe:
The situation with the EUR/USD pair has not changed much since yesterday. The formation of the bundle wave XX can be observed, which began to develop after the downward zigzag Y, which includes sub-waves [A], [B], and [C], was fully completed.
The bundle wave XX, which is in the process of being formed, consists of sub-waves [A]-[B]-[C] and is a simple bullish zigzag. Sub-waves [A] and [C] are impulses, while correction [B] is an inclined triangle. Following the completion of this triangle, the price rose in the impulse wave [C], taking the form of a fairly rapid and fast wave.
Wave [C] may end at the level of 1.1599, at which the entire bundle wave XX may be completed. At this level, the value of the entire wave XX will be 38.2% along the Fibonacci lines from the previous downward wave Y.
In terms of news background, ECB President Legard will speak in the eurozone at 13:15 Universal time, which may contribute to the price's growth. After that, the basic retail sales index and retail sales volume in the US will be released at 13:30 Universal time. This news is important and may affect the movements in the market.
Trading recommendations:
It is possible to open long positions from the current level with the target of 1.1599.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
