free stats

EUR/USD: wave analysis and forecast for 20/07/2018 – 27/07/2018

EUR/USD: wave analysis and forecast for 20/07/2018 – 27/07/2018

The EUR/USD price is still likely to decline. Estimated pivot point is at a level of 1.1790.

Main scenario: short positions will be relevant from corrections above the level 1.1790 with a target of 1.1439.

Alternative scenario: Breakout and consolidation above the level of 1.1790 will allow the EUR/USD rate to continue rising towards the level of 1.1998.

Analysis: In the daily timeframe, an upward momentum is complete as the first wave of senior level (1) and a downward correction continues forming as wave (2). In the 4-hour EUR/USD price chart, a downward momentum continues developing within the wave A of (2), with a local correction emerging inside in the form of the wave iv of A, that is taking the shape of triangle. On the 1-hour time frame, apparently, the final wave (е) of iv is forming, and, if the presumption is correct, after it is complete, the EUR/USD price will continue declining towards the level of 1.1439. The level 1.1790 is 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

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