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Flat is still developing

15 July 2015, EUR/USD

The pair is still in flat and sometimes takes efforts to grow or fall but these attempts have no results.

Flat is still a dominating position for this pair.

The only solution is to keep monitoring until the picture gets clear.

So far, it is tangled and wave frame remains the same.

We suppose that correction will take the form of a double zigzug in which the bindle wave [x] is going to develop.

If our assumption is correct, a decline is going to take place and this is associated with a formation of the second zigzug – the wave [y].

Vasiliy Lukin
Analyst of «FreshForex» company
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