empty
 
 
30.11.2021 01:34 PM
Wave analysis for EUR/USD on November 30, 2021

The release of the US consumer confidence index, as well as the speech of the Fed Chairman, Mr. Powell, are expected today at 15:00 Universal time. These important events could affect the EUR/USD pair.

EUR/USD, H4 timeframe:

This image is no longer relevant

The development of a major impulse continues for the EUR/USD pair just like in the previous trading weeks, within which the correction wave 4 is almost ending. On the four-hour timeframe, the second half of this correction can be observed.

The final wave of correction 4, that is, wave [C], takes the form of a five-wave impulse (1)-(2)-(3)-(4)-(5). Currently, sub-waves (5) are under development. Sub-waves 1-2-3-4 were built as part of it. In this situation, the price is expected to fall within the framework of wave 5 in the near future.

Wave 5 may end near the level of 1.11, from which the magnitude of wave 5 will be 50% of wave 3. The probability of achieving this coefficient is high. Moreover, the release of today's news may accelerate the fall of the exchange rate. So, it is now possible to consider opening sales transactions.

Trading recommendations:

It is recommended to sell from the current level and take profit at 1.1374.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback