Admiral Markets Group consists of the following firms:

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
  • Negative Account Balance Policy
CONTINUE

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
  • Guarantee Fund
  • 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
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

What is Next After Bullish EUR/USD Reaches 1.25?

January 26, 2018 05:30

EUR/USD

4 hour

The EUR/USD bullish breakout has reached the main target at 1.25 as mentioned in our analysis throughout the week. Price bounced at the round 1.25 level and trend line (orange) but the bearish price action could be just a pullback within a larger wave 3 (pink).

1 hour

The EUR/USD already bounced at the 23.6% Fibonacci level of wave 4 (green) but the bearish price action lead to a potential bearish ABC (blue) zigzag or flat.

GBP/USD

4 hour

The GBP/USD managed to reach 1.43 before making a strong bearish retracement. The bullish price action has been labelled as a wave 3 (green) due to its significant momentum. The current pullback could therefore find support at the Fibonacci levels of wave 4 vs 3.

1 hour

The GBP/USD already bounced at the 23.6% Fibonacci level of wave 4 (green) but the bearish price action lead to a potential bearish ABC (blue) zigzag or flat.

USD/JPY

4 hour

The USD/JPY has reached and bounced at the -61.8% Fibonacci target. The bullish bounce could indicate a reversal and completion of wave B or 2 (light purple).

1 hour

If the USD/JPY is building a reversal, then price could be in a wave 1-2 (blue) and it would not break the bottom of wave 1 which is the 100% Fibonacci level of wave 2 vs 1.

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

Wave analysis ebook


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.