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.
Vasiliy LukinAnalyst of «FreshForex» company
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