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EURUSD: Patiently Waiting For a Bullish ReversalTop ↑  Our Services (7-day trial) Subscribe to our newsletter Feb 13 2013 EURUSD found some support yesterday and is now testing the upper side of a corrective channel. As such, we need to be aware of an uptrend continuation as A-B-C corrective decline from 1.3710 may have already finished. However, recovery from latest swing low is still not in five waves, therefore we need to wait on more price data and time before bullish run for the EURUSD can be confirmed. Ideally, current recovery from 1.3350 will extend in five waves towards 1.3550 with a daily close above the trend-line that would confirm the bullish reversal we are waiting for.  Click here for 7-day trial offer Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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