Wave forex forecast for the week 05.09 - 09.09 .2016: EUR / USD - correction! - 4 September 2016 - free no deposit forex bonus
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Main » 2016 » September » 4 » Wave forex forecast for the week 05.09 - 09.09 .2016: EUR / USD - correction!
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Wave forex forecast for the week 05.09 - 09.09 .2016: EUR / USD - correction!

 

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Course EUR / USD: Wave analysis and forex forecast for the euro dollar for the week 05.09 - 09.09 : Currency pair EUR / USD correction. The probability of depreciation of the euro is maintained.

 

The pivot is in the level of 1.1118.

 

Opinion : Short-term - investors should buy the pair euro dollar correction below 1.1118 with the aim of 1.1220 - 1.1250. Medium-term - traders expect the completion of the correction, and to sell EUR / USD below the 1.1360 level with the aim of 1.0930.

 

Alternative : A break and consolidation of the euro below 1.1118 will allow the pair EUR / USD to continue to fall to 1.0930 marks - 1.08.

 

 

Analysis EUR / USD : Presumably, formation of a downward correction senior level, within which there is a development of wave c of 2 Locally, apparently formed Zachodni first wave (i) in the form of a wedge and develops upward correction as a wave (ii). If the assumption is true, after the correction of the pair will continue to fall to 1.0930 marks - 1.08.

 

 

Rate GBP / USD: Wave analysis and forecast of the pair pound dollar for the week 05.09 - 09.09.2016:Traders should wait for the continued growth of the pound dollar after correction ..

 

The pivot is in the level of 1.3060.

 

Opinion : the sterling Investors should buy the British from the correction above 1.3060 level with the aim of 1.3400 - 1.35.

 

Alternative : A break and consolidation of the pound the dollar below the level of 1.3060 will allow the pair to continue to decline to around 1.2864 or lower.

 

Analysis GBP / USD : Presumably, formation of the correction as wave 2. Locally, appear to be the wave c of 2, in which, presumably, is developing a third wave (iii). If the assumption is true, it is logical to expect continuation of growth of pair to 1.3400 marks - 1.35. Critical to this scenario is the level of 1.3060.

 

 

 

The author analyzes - 
Alexander Geuta, 
trader and analyst LiteForex

 

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