FX.co ★ Fractal analysis of the EUR/USD currency pair

On the euro, we can see the same situation as yesterday’s forecast. As I said, it will hit the level of 1.4045, after that the correction will take place. Now, the trading range formed, in which the correctional movement would occur. The correction most likely will be in the shape of flat.

Trading recommendations:

- Trade on break out of the channel, or to enter a deal on the trend from MA (34), the target is 1.39.

Alternative:

- The break out of 1.4220.

Best regards,

analyst: A. Portnov.