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EUR\USD. Sales have matured

EUR\USD. Sales have matured | 10 June 2016

10 June 2016, EUR/USD

The bulls could not achieve some success even with fundamental figures, which were published a week ago. Without the support of the buyers, the pair of coasting quietly grew up, but then got a pivot. And now there is another picture at this currency pair. The pair is going down slowly, but this slowness has the potential to accelerate and due to this fact some decline is likely caused by formation of iii wave (downward momentum). Thus, if the assumption about the nature of the emerging wave is correct, then in the future we expect a continuation of the decline impulse under the bearish scenario. According to this reason, short positions looks like a good option for profit opportunities.EUR\USD. Sales have matured

Vasiliy Lukin
FreshForex Analyst
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