Top.Mail.Ru
empty
24.08.2021 12:45 PM
Wave analysis for EUR/USD on August 24, 2021

EUR/USD, H4 time frame:

This image is no longer relevant

Let's continue to analyze the situation of the EUR/USD pair.

From a global point of view, the final part of the bullish five-wave impulse is formed at the higher wave level. It is very possible that the market has completed forming the horizontal correction wave 4, which took the form of a wave plane [A]-[B]-[C].

At a lower wave level, we saw a price reversal and the beginning of its growth immediately after the end of the impulse price decline in the sub-wave [C]. That is, there was a formation of the initial part of a new bullish wave in the last section of the chart.

The nearest target is located at the level of 1.1806, where a small correction 4 completed its development.

Trading recommendations:

Currently, it is possible to consider the opening buy deals with the aim of taking at the level of 1.1806.

Roman Onegin,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.