22 April 2016, EUR/USD
The last trading day was very eventful.
Various news boosted a great volatility.
At one moment, the pair has soared to the local High, then immediately it turned back to its previous level.
The correctional wave 2 of the emerging downward momentum is over.
Now we expect a long impulse drop of the pair caused by formation of the wave 3.
In this situation, I recommend to open short positions with a Stop Loss set at the local High
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us