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Expectations of drop are still here

28 June 2016, EUR/USD

After the impulse wave, the pair started to shape correction. We assume that an abrupt decline was caused by the wave iii, which appears to be elongated. Thus, the observed correction is likely to be the second wave of extension, and once it is finally shaped, we can expect an impulse decline of the pair to continue.

After the impulse wave, the pair started to shape correction. We assume that an abrupt decline was caused by the wave iii, which appears to be elongated. Thus, the observed correction is likely to be the second wave of extension, and once it is finally shaped, we can expect an impulse decline of the pair to continue.
Vasiliy Lukin
FreshForex Analyst
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