Wave analysis of EUR / USD for January 23. The pair keeps hoping for growth
January 23, 2019 10:21 am
Wave counting analysis:
On Tuesday, January 22, trading ended for EUR / USD by 10 bpts. Thus, the tool remains within the framework of the construction of the proposed wave 4, in s. If this is true, then the increase in quotations will resume in the near future as part of wave 5 with targets located around 16 figures. At the same time, a successful attempt to break through the minimum of wave 2 will result in the need to clarify the entire wave marking, and the tool will most likely move on to building a new downward trend.
Sales targets:
1.1345 – 38.2% Fibonacci
1.1315 – 23.6% Fibonacci
Shopping goals:
1.1599 – 161.8% Fibonacci
1.1677 – 200.0% Fibonacci
General conclusions and trading recommendations:
The pair remains in the construction stage of the proposed wave 4, in s. However, a sluggish tool reduction can lead to the need to correct the current markup. The main option is to increase within wave 5. If you make a purchase, you must with protective orders under the minimum of wave 2, c, with targets located near the estimated marks of 1.1599 and 1.1677, which corresponds to 161.8% and 200, 0% Fibonacci.
The material has been provided by InstaForex Company – www.instaforex.com
Wave counting analysis:
On Tuesday, January 22, trading ended for EUR / USD by 10 bpts. Thus, the tool remains within the framework of the construction of the proposed wave 4, in s. If this is true, then the increase in quotations will resume in the near future as part of wave 5 with targets located around 16 figures. At the same time, a successful attempt to break through the minimum of wave 2 will result in the need to clarify the entire wave marking, and the tool will most likely move on to building a new downward trend.
Sales targets:
1.1345 – 38.2% Fibonacci
1.1315 – 23.6% Fibonacci
Shopping goals:
1.1599 – 161.8% Fibonacci
1.1677 – 200.0% Fibonacci
General conclusions and trading recommendations:
The pair remains in the construction stage of the proposed wave 4, in s. However, a sluggish tool reduction can lead to the need to correct the current markup. The main option is to increase within wave 5. If you make a purchase, you must with protective orders under the minimum of wave 2, c, with targets located near the estimated marks of 1.1599 and 1.1677, which corresponds to 161.8% and 200, 0% Fibonacci.
The material has been provided by InstaForex Company – www.instaforex.com
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