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Double zigzug continues its development

23 July 2015, EUR/USD

The pair is still traded in a descending correction associated with development of the wave (ii).

At present, the wave [y] of (ii) is obviously forming. To get it finally done, one more descending wave to the area 1.0500 is required.

To this very level the pair is expected to decline within the frames of development of the above-mentioned correction taking the shape of a double zigzug.

It is dangerous to trade as long as the pair is correction.

Double zigzug continues its development.

Vasiliy Lukin
Analyst of «FreshForex» company
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