Bears didn’t reach the target

10 November 2015, EUR/USD

After a rough movement, as a rule, a stop happens and trading is very slow for a while. Yesterday wasn’t an exception: after a strong decline the pair was a bit corrected and then it backed to the start point again. Probably, the pair’s decline didn’t reach its target and the wave с of [y] is not fully formed. So in the nearest time the pair’s decline is expected, that is supposed to be not so long.

Bears didn’t reach the target

Vasiliy Lukin
FreshForex Analyst
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