Technical Analysis 2017.09.28 - EUR/USD: wave analysis

Thursday, 28/09/2017 | 07:54 GMT

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The trend is downward.
On the 4-hour chart the downward correction (2) of the higher level is forming. At the moment the wave А of (2) is developing, within it the “bearish” momentum is forming as a third wave of the lower level iii of A. If the assumption is correct, the pair will fall to the levels of 1.1650–1.1600. The level of 1.1815 is critical for this scenario.

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-20170928-eurusd-wave-analysis/?camp=24219

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