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Is sigzag delaying its development?

28 April 2016, EUR/USD

Euro continued its resistance, which was very successful. This is probably due to the fact that a large zigzag is developing. It can be the wave ii of the emerging downward pulse.

In this case, in the future we may expect continuation of growth to the High in the wave a followed by an abrupt decline.

However, up to this point, it is better to do nothing, and wait patiently for further development of events, and only when the situation gets more or less clearly, we should act based on the plan, i.e. to sell.

Is sigzag delaying its development?

Vasiliy Lukin
Analyst of «FreshForex» company
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