Forex4you

EUR/USD: the range is still maintained

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   In conformance with the main presupposition the pair is still staying within the frames of the descendant structure leaning on the support of 20-perioded MA at the daily time-frame.

There’s a support created with the 208th Fibonacci level, the pivot-level at 1.4491, and the edge of the inclined passage at the time-frame of H4. The retracing decrease within the edges of Bollinger’s strips’ standard deviation with the target at 1.4294 is the most preferable here. The further breakage through this level will appoint to the descendant structure’s continuation. The breakage through the 208th Fibonacci level upward with the target at 1.4570 this case can be suggested alternatively.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst