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Zigzug continues to develop

25 May 2015, EUR/USD

25 May of 2015, EUR/USD

In the last review we supposed that correction in zigzug form has been finished and tried to earn on growth.

But these assumptions turned out to be fallacious, because the pair continued decline.

It seems that correction will be much deeper than we supposed.

We expect that correctional movement associated with development of the wave [ii] of (iii), will reach Fibo 61.8%. At this point we need to look for reversal and will open a Buy deal.

Zigzug continues to develop

Vasiliy Lukin
Analyst of «FreshForex» company
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