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Fifth wave of the wedge is coming

20 July 2016, EUR/USD

The price is looking down, and this because of development of the final wave [v] of the wedge.

Earlier, I opened a Sell trade, and yesterday put up a pending order aimed to bearkthrough of the local Low, which has been successfully activated. Thus, in the near future we expected impulse drop of the pair to to continue within the above-mentioned wave model. The assumed goal - its bottom line, although it is possible that the price will not reach it with a little space remaining to do that.

Fifth wave of the wedge is coming

Vasiliy Lukin
Analyst of «FreshForex» company
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