Euro plummeted 1% at the open on Monday but managed to retrace some 50% of the drawdown so far. Despite its structure looking complete against the dollar, another higher degree move could be expected. Where is support for the pair?
Oil continued to soar, printing an impressive 15% upside intraday so far. Although quite extended, its formation hints at another short-term leg up before any correction occurs. Where does the commodity stop?
The UK’s FTSE plunged over 3% this morning, likely registering wave three and correcting in wave four. Another leg down would hint at potential pullback higher and only slide lower in primary wave B.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Daily Elliott Wave Forecast: EURUSD, WTI, FTSE (07.03.2022)
Euro plummeted 1% at the open on Monday but managed to retrace some 50% of the drawdown so far. Despite its structure looking complete against the dollar, another higher degree move could be expected. Where is support for the pair?
Oil continued to soar, printing an impressive 15% upside intraday so far. Although quite extended, its formation hints at another short-term leg up before any correction occurs. Where does the commodity stop?
The UK’s FTSE plunged over 3% this morning, likely registering wave three and correcting in wave four. Another leg down would hint at potential pullback higher and only slide lower in primary wave B.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags