EUR/USD: Wave analysis and forecast of 11.04 – 18.04: The rise in the pair will resume. Estimated pivot point is at the level of 1.3670.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Our opinion: Buy the pair from correction above the level of 1.3824 with the target of 1.40.

Alternative scenario: Breakout of the level of 1.3824 will enable the price to continue decline to the level of 1.3750.

Analysis: The pair has broken down critical level of the bearish scenario and continues to grow. At the moment bullish impetus is being formed in the wave (a) in the fifth wave of a diagonal triangle of the senior wave level. If this assumption is true and the price does not break down critical level of the local impetus, we can expect that the pair will continue to rise to the level of. As an alternative scenario it is possible that after breakdown of the level of 1.3824, deep correction will go to 1.3750. Critical level for the bullish scenario is 1.3670.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk