Log in

The wave iv is still evolving

19 February 2016, EUR/USD

Albeit reluctantly but Euro still continued against the US currency.

As we mentioned, this drop has obviously a corrective nature and is caused by the wave iv. In the future, we expected growth within this correctional wave, which is likely to take the form of a zigzag.

My two attempts to availe this movement turned to be unsuccessful, so I will not open a trade for a third time but it could be an option provided a stop loss is set at a local Low.

The wave iv is still evolving

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.