You are here: Home > articles > Forex > Wave analysis of EUR / USD for December 19. Euro saves growth to 1.1470
Wave analysis of EUR / USD for December 19. Euro saves growth to 1.1470
December 19, 2018 9:24 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
Wave counting analysis:
In the course of trading on Tuesday, the EUR / USD pair added a total of about 15 bp. Thus, there is reason to assume that the instrument remains within the framework of the construction of the proposed wave c. If this is true, then the increase in quotes will continue with targets located near the levels of 100.0% and 127.2% Fibonacci. The internal wave structure of this wave already looks quite difficult, but it can become even more complicated. An unsuccessful attempt to break through the minimum of wave b indicates that the pair is ready to rise.
Sales targets:
1.1215 – 0.0% Fibonacci
Shopping goals:
1.1471 – 100.0% Fibonacci
1.1528 – 127.2% Fibonacci
General conclusions and trading recommendations:
The pair remains within the framework of building an upward wave with. A break of 1.1266 (minimum b) will lead to a resumption of the instrument decline with targets located near the mark of 1.1215, which is equal to 0.0% Fibonacci, and below. Until this happens, it is recommended that cautious purchases in small volumes with targets located around 1.1471 and 1.1528.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: