empty
 
 
26.02.2019 09:55 AM
Wave analysis of EUR / USD for February 26. The euro is trading in a narrow price range.

This image is no longer relevant

Wave counting analysis:

On Monday, February 25, trading ended for EUR / USD by an increase of 20 basis points, but it was not possible to get beyond the maximum of the expected wave 4. Thus, there is still reason to assume that wave 4 is complete. However, I recommend not to hurry to start sales without confirming the development of this option. There is an option in which a successful attempt to break through the 50.0% level along the small Fibonacci grid will lead to a lengthening of wave 4, which can still be completely transformed into a wave a of the new uptrend. Today in the US Congress will be the speech of Fed Chairman Jerome Powell, and the movement of the pair after it will depend on the nature of its rhetoric.

The objectives for the option with sales:

1.1228 - 0.0% of Fibonacci

1.1215 - 0.0% of Fibonacci

The objectives for the option with purchases:

1.1356 - 23.6% of Fibonacci

1.1408 - 61.8% of Fibonacci

General conclusions and trading recommendations:

The pair supposedly completed building wave 4. Thus, if the level of 23.6% holds, then I recommend selling the pair to build wave 5 of the downtrend with targets located near the calculated levels of 1.1228 and 1.1215 and below. A successful attempt to break through the 50.0% level will indicate that the pair is ready to continue building the upward wave. In this case, you can buy a pair with a target of 1.1408.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback