Technical Analysis 2017.09.07 – EUR/USD & GBP/USD Which Will Survive The Data?

Thursday, 07/09/2017 | 12:30 GMT

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We see upward momentum of the pair on the H4 chart , the higher level 3’s third wave ended, and we can see the creation of the 4th downward correction. 4’s wave a, that contains the correction created in the form of a wave (ii) of a is being to emerge.

EUR/USD is also showing a correction downwards but of the higher level, (2) wave, is emerging of the wave В is finished, seems to be created. On a local level (2)’s wave c is starting.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170907-eurusd-gbpusd-which-will-survive-the-data/?camp=24219

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