manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Zigzag continues its formation

29 April 2016, EUR/USD

Euro continues to behave aggressively rising higher and higher.

However, local High has not been reached yet. Structure of movement still looks like a zigzag, which suggests that growth has a corrective nature.

The 4 hours chart clearly shows that the assumed diagonal triangle is finally formed. Now zigzag is developing, where the wave [b] will soon be formed. Thus, if this assumption be true, in the future we can expect resumption of drop under the wave [c] of the mentioned correctional model

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.