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The wave [iv] is developing

26 July 2016, EUR/USD

Having reached the bottom of the correction channel, the price has bounced off again. Now, perhaps, we can expect growth to the top, from where the pair will form the wave [v] of the wedge. In this regard, you can try to make a careful Buy trade with a Stop Loss set at a local Low. Though there is a risk that the price will not reach these goals. Thus, it turns out that the price is still being traded within the correctional wave [iv], but outcome is coming.

Vasiliy Lukin
FreshForex Analyst
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