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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
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