EUR USD technical analysis and zigzag pattern Published: Saturday, 30 December 2017 14:30 The EURUSD price formed a strong bullish wave, which came in from about two months and the 1.1550 level was the beginning of the upside wave Which continued until the level of 1.2020 This rise is considered to be the ZIGZAG pattern ABC and wave A is the rise from 1.1550 to 1.1860 And wave c is the next bullish wave from 1.1710 to 1.2020 which is equal in length with wave A
This uptrend wave was interspersed with the corrective wave of EXPANEDED FLAT According to the analysis of the EurUSD today and the analysis of the free currencies FROM Gold Pattern We find that the zigzag pattern ended near the level of 1.2020 and thus the EURUSD forecast indicates a bearish price wave for the EURUSD Summary of the technical analysis of the currencies today and the forecast of the euro-dollar analysis EURUSD traded below an important resistance area over the medium term 1.2020 to 1.2090 The EURUSD is preferable to sell as long as the pair is below 1.2090 targeting the 1.1900 level of profit
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