01 October 2015, EUR/USD
Our frame and the whole scenario has changed, since bulls failed to find the arguments for a strong impulse movement.
Trading takes place within the defined borders with a slight upward inclination, and this in turn points to a corrective nature of movement.
Therefore, it is possible that price movement from the early May has been correction in the form of a double three, which is expected to have finally formed.
At the same time, we assume that formation of the wave iii of [iii] downward impulse has begun.
If this assumption is correct, in the future we will have a long impulse drop.