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The first attempt of sales

04 April 2016, EUR/USD

At the moment, the situation for this pair is as follows.

It is possible that the pair grew boosted by a correctional model double zigzag.

High was updated, then, sellers made an attempt of the counter-attack, which was successfully countered.

However, bears are not going to give up, in the near future we expected an impulse drop of the pair.

For this reason, I opened a sell trade with a Stop order being set at the High, at the earliest opportunity I will transfer it to the breakeven zone.

Vasiliy Lukin
Analyst of «FreshForex» company
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