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The pair is expected to resume decline

18 April 2016, EUR/USD

The pair decided not to undertake a deeper decline and continued to almost stand still. This is probably caused by a continued correction.

Nevertheless, in the near future we expected resumption of drop within borders of a downward momentum. For this reason, it is necessary to consider the sale as the main approach to trading in the near future.

Thus, in the future we expect development of the downward momentum movement.

It is better to sell on update of the Low, so it will be much safer and its even better to set a Sell stop pending order on breakdown .

The pair is expected to resume decline

Vasiliy Lukin
FreshForex Analyst
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