empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

11.01.201910:23 Forex Analysis & Reviews: Wave analysis of EUR / USD for January 11. Eurocurrency is ready for tangible growth

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 11.01.2019 analysis

Wave counting analysis:

On Thursday, January 10, trading ended for EUR / USD by 43 bp decline. Thus, the pair presumably remains within the framework of the construction of wave 3, in s. If this is true, then the increase in quotations will resume with targets located near the Fibonacci level of 161.8%. There are no grounds for assuming the resumption of the construction of the downward trend section.

Sales targets:

1.1444 - 38.2% Fibonacci (formal goal)

Shopping goals:

1.1599 - 161.8% Fibonacci

1.1677 - 200.0% Fibonacci

General conclusions and trading recommendations:

The pair continues to be in the construction stage of the proposed wave. Thus, I still recommend buying a pair with targets located near the estimated marks of 1.1599 and 1.1677, which corresponds to 161.8% and 200.0% of Fibonacci. The internal correctional wave in 3, in s should not be extended. The news background for today can support both the euro and the dollar.

Chin Zhao
Analytical expert of InstaForex
© 2007-2024

Open trading account

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off