EUR/USD: Wave analysis and forecast of 13.06 – 20.06: Euro is under pressure, downtrend prevails. 

Estimated pivot point is at the level of 1.3680.

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: Sell the pair from correction below the level of 1.3680 with the target of 1.34 – 1.33.

Alternative scenario: Breakout of the level of 1.3680 will allow the price to continue growth to the levels of 1.38 – 1.3850.

Analysis: Presumably, the formation of the local correction in the second wave, which took shape of the irregular plain, has completed. Locally, the in-lead wave i of (iii) has been formed, as well as the small correction in the second wave ii of (iii). If this assumption is correct, following the completion of the correction the pair will continue to decline in the third wave iii of (iii).

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