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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
Analyst of «FreshForex» company
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