FX.co ★ Fractal analysis of the EUR/USD currency pair

There was a false break out of the triangle on Friday, but anyway we gained the profit, due to the alternative choice. Today it is worth waiting for the initial conditions formation for the correctional upward structure. The turn back may take place either from the current levels or from 1.4563 or 1.4506, as with the variant at the dollar index.

The first resistance levels for the correctional structure will be 1.4682 and 1.4714.

Trading recommendations:

- I recommend to purchase from the reversal levels or after the initial conditions formation, the targets are at the picture.

Kind regards,

Analyst: A. Portnov.