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Rising correction

Rising correction | 26 May 2016

26 May 2016, EUR/USD

The pair suspended its downward movement and glanced up.

Probably, extenxion in the third wave of the downward momentum has been finally formed.

Thus, in the future, a slight correction is expected, whereupon drop will be resumed.

However, entering now is very dangerous, so it is better to wait for completion of the wave ii of thedownward momentum.

I closed my Sell trade, because of a possible strong upward movement within the frames of correction.

Vasiliy Lukin
FreshForex Analyst
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