free stats

EUR/USD Wave analysis and forecast for 02.02 – 09.02

EUR/USD Wave analysis and forecast for 02.02 – 09.02

Estimated pivot point is at a level of 1.2540.

Main scenario: short positions will be relevant below the level of 1.2540 with a target of 1.2340 – 1.2220.

Alternative scenario:breakout and consolidation above the level of 1.2540 will allow the pair to continue the rise up to the levels of 1.2650 – 1.2700.

Analysis: Supposedly, the fifth wave 5 continues forming  within the first wave 1 of senior level within the 4-hour time frame. Apparently, the third wave iii of 5 of junior level has been formed and a downward correction is developing now in the form of the wave iv of 5. If the presumption is correct, the pair will continue to drop to the levels 1.2340 – 1.2220. The level of 1.2540 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.2650 – 1.2700.

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