FxPro - Analytics

FxPro

714.75 6.25/10
90% of positive reviews
Real

EURUSD Wave Analysis – 18 February, 2019

  • EURUSD reversed from support area
  • Further gains are likely

EURUSD recently reversed up from the support area lying between support levels 1.1280 and 1.1220 (which has been reversing the price from last August) – strengthened by the lower daily Bollinger Band.

The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer Doji – which started the active wave 2.

EURUSD is expected to rise further and re-test the next resistance level 1.1400 (target price for the completion of the active corrective wave 2).

1550487070

Source: FxPro


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree