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The pair is being traded within the flat

11 April 2016, EUR/USD

A previously designated range remains to be relevant and have a significant impact on the price.

The pair can not gain a foothold outside the range, for several days in a row it has been trading within this narrow range, from time to time attempting to break it through.

There is no doubt that this is flat correction, which in the future may turn upward or downward.

At the moment, impulse drop is the most expected option. < p> This is caused by development of the wave of y of a supposed double zigzag.

To make a trade, we should wait for break and consolidation below the indicated range, now it is better to watch

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FreshForex Analyst
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