Forex4you

EUR/USD: the risk of further decrease prevails

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   The structure being formed at the moment has declined the yesterday variant presuming the growth. Up to the very moment there’re prerequisites for the further decrease, the strong signal to it became the breakage through the bottom edge of channel, the target in this case is 1.4340.

   Trading recommendations: to sell lower than the daily pivot-level at 1.4570 with the targets at 1.4460 and 1.4340.
   Alternative scenario: the breakage at 1.4570 will open 1.4630.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst