Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Tagatisfond protection
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

EUR/USD Breaks 1.0750 Resistance and Continues Bullish Impulse

August 01, 2017 05:00

EUR/USD

4 hour

The EUR/USD continued with the uptrend as expected in yesterday's analysis. The bullish breakout above the resistance trend line (dotted red) saw price move towards the 61.8% Fibonacci target. Price could potentially extend the bullish momentum towards the 1.1925 and even 1.20 when considering the strong bullish breakout candle on the 4 hour chart.

1 hour

The EUR/USD is most likely building a wave 3 (grey) momentum which might not yet be completed. A bullish continuation could see price move towards the 161.8% Fibonacci target of wave 3 vs 1 for instance. Once wave 3 is completed, then a wave 4 (grey) retracement is expected to take place.

USD/JPY

4 hour

The USD/JPY downtrend indeed reached the 110 target as mentioned in yesterday's analysis. The round level could act as support and cause a retracement or even a potential reversal. Eventually a larger support trend line (blue) could be the end target of the bearish wave 5 (orange) at 109.50.

1 hour

The USD/JPY indeed completed a wave 4 (grey) retracement and continued lower within wave 5 (grey). The slower bearish momentum is causing a falling wedge chart pattern (orange/blue), which could lead to a bullish retracement. The pullback could be part of a wave 4 (purple) within the 5th wave (orange).

GBP/USD

4 hour

The GBP/USD broke the rising wedge chart pattern to the upside. The bullish break above resistance (dotted lines) indicates a continuation of the wave 5 (purple). Whether the wave 3 (blue) will indeed be confirmed depends on how far the GBP/USD will move. A failure to break above the 100% Fibonacci target could indicate an ABC rather than a 123.

1 hour

The GBP/USD could be building an extension of the wave 3 (green) with 5 internal waves (orange/purple). A pullback could be part of the wave 4 (purple) which means that the Fibonacci levels of wave 4 vs 3 could act as support.

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

MT4 Supreme Edition + Volatility Protection


Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.