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We still believe in bears

08 July 2016, EUR/USD

Perhaps, we are dealing with correction in the emerging momentum in the wave iii. If this is true, then soon we expect resumption of decline of the pair in impulse form. At the same time, to open additional trades, we still should wait for update of a local Low by the price. Do not forget about the protective Stop Loss order.

Perhaps, we are dealing with correction in the emerging momentum in the wave iii. If this is true, then soon we expect resumption of decline of the pair in impulse form. At the same time, to open additional trades, we still should wait for update of a local Low by the price. Do not forget about the protective Stop Loss order.
Vasiliy Lukin
Analyst of «FreshForex» company
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