empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

12.02.202411:02 Forex Analysis & Reviews: EUR/USD wave analysis on February 12: What to expect for the new trading week?

Exchange Rates 12.02.2024 analysis

In the medium-term perspective, the EUR/USD pair is forming an extended correction (B), taking the form of a double zigzag W-X-Y. Sub-waves W and X are already fully completed, while the final active wave Y is still developing.

The active wave Y has a complex form of a double zigzag [W]-[X]-[Y]. The first active wave [W] is completed in the form of a double zigzag (W)-(X)-(Y). The second corrective connecting wave (X) is still ongoing. It also has a complex form of a double zigzag (W)-(X)-(Y).

The currently forming active wave (Y) consists of three sub-waves—W-X-Y—two of which are already constructed. Soon, we may observe the development of the active wave Y. For its full completion, an impulse sub-wave [C] is required, marked in green.

There is a high probability that the price will decline to the previous low of 1.0718. Then, the market is expected to reverse. As of now, the market is anticipated to move according to the plan without sharp changes.

Trading recommendations: Sell at 1.0782, take profit at 1.0718.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.