You are here: Home > articles > Forex > Wave analysis of EUR / USD for November 15. The pair is ready for growth, but there is no corresponding news background.
Wave analysis of EUR / USD for November 15. The pair is ready for growth, but there is no corresponding news background.
November 15, 2018 3:24 pmVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
Wave counting analysis:
In the course of trading on Wednesday, the EUR / USD currency pair gained only about 20 basis points, however, there are still reasons to assume that the wave 5 of the downtrend trend is completed. If this is true, then the increase in quotations will continue as part of the first wave of a new uptrend, at least 3-wave. At the same time, there remains a small probability that wave 5 will become more complicated and will take on a 5-wave view, but for this, the tool will need serious fundamental reasons, for example, negative information on Brexit.
The objectives for the option with sales:
1.1179 – 161.8% of Fibonacci
1.1103 – 200.0% of Fibonacci
The objectives for the option with purchases:
1.1499 – 0.0% of Fibonacci
General conclusions and trading recommendations:
The pair allegedly completed the construction of the downward trend. Thus, now I recommend buying the pair in small volumes with targets located around 15 figures, but always with protective orders, as the probability of wave 5 remains complicated. The news background will be of great importance in the coming days and even weeks, the whole wave 5 can become complicated.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: