The 15-minute EUR/USD is trending lower as the 34EMA Wave pushes down at between 12 to 2 o’clock confirming a mark down stage. This is setting up near-term short sells off the 34 period EMA on the low. Overall however both the 240-minute and the daily time frames remain in solid uptrend so the correction lower is setting up a buy as prices sink into a swing buy zone.
15-minute EUR/USD with GRaB indicator plug-in
240-minute EUR/USD with GRaB indicator plug-in
*Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.