02.07.202113:00 Forex Analysis & Reviews: Wave analysis for EUR/USD on July 2, 2021

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

EUR/USD, H1 time frame:

Let's consider the situation of the main currency pair EUR/USD.

The formation of a correction wave 4, which has an internal structure of a triple zigzag [W]-[X]-[Y]-[X]-[Z], can be observed. The final sub-wave of the specified formation, which is the bearish acting sub-wave [Z], is visible in the last section of the chart.

Wave [Z] hints at a double zigzag (W)-(X)-(Y), in which the sub-waves (W) and (X) are already fully done. The final wave (Y) is still under development and will most likely take the form of a standard zigzag, which is marked with red sub-waves A-B-C.

It seems that the upward correction wave B is fully completed with sub-waves [W]-[X]-[Y]. Not so long ago, the price started to gradually decline in wave C, which may take the form of a standard five-wave impulse [1]-[2]-[3]-[4]-[5] based on the initial part. This impulse looks formed into 3/5 parts.

In this case, the downward movement may continue in the next trading days in sub-waves [4] and [5], as shown in the chart.

Currently, one can consider opening sell deals in order to take profit at 1.1702, which is the previous low.

Back to the list

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.