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The bearish momentum will continue

19 May 2016, EUR/USD

An ongoing development of the third pulse wave downward momentum.

It is possible that the price is currently forming an extention in the third wave.

In this case, we will have an extended impulse drop of the pair. So, my opened trade is still in operation, but I have moved Stop Loss below.

If our assumption about the development of the descending impulse is true, in the future we ,ay expect a long downward spiral.

The bearish momentum will continue

Vasiliy Lukin
Analyst of «FreshForex» company
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