empty
 
 
08.04.2021 02:15 PM
Forecast for EUR/USD on April 8. Euro could hit 1.1990.

EUR / USD, H4 chart:

This image is no longer relevant

A downward correction continues to develop in EUR / USD. However, its structure is appearing to be more complex than we assumed in the previous articles. Therefore, most likely, wave 4 will be a triple zigzag: [W] - [X] - [Y] - [X] - [Z].

Waves [W] and [Y] are already visible, while wave [X] is still developing. It is also assuming a zigzag structure, which we have sketched in the chart.

Most likely, this wave [X] will make up 61.8% of wave [Y] and end at 1.2038.

EUR / USD H1:

This image is no longer relevant

The market reversed after wave [Y] ended. Now, wave (A) is developing, and it has five sub-waves, two of which seem to be already built.

There is also a small pullback in wave [4], but its duration should be short. Then, wave (C) will end, after which wave [5] will begin to form.

Sub-waves 3-4-5, meanwhile, will develop in the direction of the previous high.

Taking this into account, the most ideal action is to open long positions in the market.

Roman Onegin,
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 April 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