MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Wave analysis of EUR / USD for February 19. The lack of the necessary news background prevents the euro from rising

k2S5EdxzCM4bBSEe7DDz97ol3uzdwfaDbxb1Qr3L

Wave counting analysis:

On Monday, February 18, trading ended on EUR / USD by 15 bp increase for the pair EUR / USD. Such a low market activity is quite understandable, since there is no news about it yesterday. Thus, the current wave marking has not changed in any way. Like before, I assume the completion of the construction of wave 3 or, possibly, c, and the transition of the pair to the construction of a new upward wave with the first targets located near the level of 23.6% on the older Fibonacci grid. At the same time, the trend segment of the last two or three days does not look quite convincing, which can lead to the complication of the entire wave marking of the instrument.

Sales targets:

1.1228 - 127.0% Fibonacci

1.1215 - 0.0% Fibonacci

Shopping goals:

1.1356 - 23.6% Fibonacci

1.1444 - 38.2% Fibonacci

General conclusions and trading recommendations:

The pair allegedly completed the construction of the downward wave 3. Thus, now I recommend buying with targets located near the estimated mark of 1.1356, which corresponds to 23.6% Fibonacci, and higher. A successful attempt to break through the levels of 127.2% and 0.0% Fibonacci will lead to a further decrease in the instrument and complicate the current wave marking.

The material has been provided by InstaForex Company - www.instaforex.com