free stats

EUR/USD Wave analysis and forecast for 29.12 – 05.01

Estimated pivot point is at a level of 1.1844.

Main scenario: long positions will be relevant above the level of 1.1844 with a target of 1.2091 once the correction has finished.

Alternative scenario: breakout and consolidation below the level of 1.1844 will allow the pair to continue declining to a level of 1.1735.

Analysis: Supposedly, the fifth wave 5 continues forming  as a diagonal triangle within the first wave 1 of senior level within the 4-hour time frame. Apparently, the third wave iii of 5 is developing now, with the wave (a) of iii finishing within. If the presumption is correct, the pair will logically continue to rise to a level of 1.2091 after the correction (b) of iii  comes to an end. The level 1.1844 may be critical in this scenario.

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Tags: ,,

Free Forex Course - Free Forex Signals - ForexGuru.Pk - Dr. Zia-al-Hassan

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously