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 Market Structure after Completing 5 Bearish Waves

April 06, 2018 09:58

EUR/USD

4 hour

The EUR/USD bearish channel is choppy and corrective and is now approaching a key support zone between 1.2150 and 1.22. The bearish retracement could be completing a wave 2 (purple) or starting a new down trend. Price will need to break above the support (green) or resistance (red) levels before a new trend can be expected.

1 hour

The EUR/USD is building 5 bearish waves which could either complete a wave c (green) within the wave 2 mentioned on the 4 hour chart. The bearish 5 waves could also be a wave A of a bigger ABC (brown) or start a new downtrend and become a bearish wave 1. For the moment however, price is at a strong support zone and a bullish bounce could become more likely here or at 1.2150. A break below the support zone would decrease the chance of a bullish bounce.

Good trading,

Chris Svorcik

P.S. Don't forget to follow Admiral Markets on Facebook – or @AdmiralMarkets on Twitter – for the latest market updates.


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.