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Bears are expected to become more active

13 May 2016, EUR/USD

It is quite possible that correction is still on. So, soon the pair may again turn up.

In this case, the flat will be extended over time and need to wait until it's over to enter the emerging movement in time. So far, we expect a continued decline, which will form the third pulse wave.

For this reason, I am still holding my Sell trade, which can already be turned into the black, but the price can crawl upstairs again and that forces me to leave Stop Loss at the same place


Vasiliy Lukin
Analyst of «FreshForex» company
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