Correction is still developing

21 July 2015, EUR/USD

Downward movement has stopped finally. It seems that the pair is preparing to a certain bounce within the frames of development of correction.

In the terms of the wave framing, this correction is being formed in the wave [y] of (ii).

Meanwhile, scenario with the wedge has chances to be implemented. Therefore, we base ourselves on this scenario. Trading in this situation is very risky, it is better to stay away for 1 – 2 days.

Correction is still developing.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call