empty
 
 
11.04.2019 09:41 AM
Wave analysis of EUR / USD for April 11. Wednesday news caused only short-term market activity

This image is no longer relevant

Wave counting analysis:

The trading on Wednesday, April 10, ended with a 15 bp rise for the EUR / USD pair, although there was a tool tug down during the day. Nevertheless, the markets could not drastically change the current wave pattern, and the amplitude of the movement was not so strong, although there was a lot of news yesterday. The most important news are about the inflation in the United States (positive for the dollar), comments by the European Central Bank (ECB) on monetary policy (not in favor of the euro), and the minutes of the Fed meeting (with dove-colored). Therefore, it can be noted that all the news on Wednesday were ambiguous. The ECB and the Fed did not expect any strong statements, and the inflation in America, although accelerated in March, still remains below the target level of 2.0%.

Sales targets:

1.1177 - 100.0% Fibonacci

Purchase goals:

1.1448 - 0.0% Fibonacci

General conclusions and trading recommendations:

The pair presumably continues to build the wave c. The trading strategy remains the same - I recommend buying a pair with targets located near the level of 1.1455, which corresponds to the maximum of wave a, but not large volumes, since the instrument rises, as if reluctantly. Such desire to buy in the market may result in the opposite phenomenon - stronger sales.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback