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Decline of the pair as expected within the frames of emerging correction

24 July 2015, EUR/USD

Decline of the pair as expected within the frames of emerging correction

The pair has supposedly ended formation of correction in the wave [y] of (ii).

If our assumption is correct, we shall further expect renewal of decline within the frames of the specified correction.

In this regard, we have opened a Sell trade with small Stop and target constituting 150 points.

Decline of the pair as expected within the frames of emerging correction

Vasiliy Lukin
Analyst of «FreshForex» company
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