Technical summary:
The expected decline towards the ideal target at 125.98 continues to unfold. Short-term support is found at 126.51 in a minor reaction to 128.32 before going lower to 125.98. As we approach the ideal downside target 125.98, we should begin to look for signs of a bottom.
Trading recommendation:
We are short EUR from 133.90 and have lower our stop to 129.10 with take profit at 126.25.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on daily market trends and news you may visit via Elliott wave analysis of EUR/JPY for March 16 - 2015 . Thanks for your support.
No comments:
Post a Comment