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Impulse decline of the pair

27 July 2016, EUR/USD

Correction, which was formed in a wave [iv], has apparently completed its development. Thus, these waves probably took the form of a zigzag, and twitched decline observed over the last week was the first sub-wave wave [v ]. At the same time, there is a probably of the correctional second impulse wave in the wave [v]. Anticipating this third sub-wave, I've set a Sell pending order at a local Low. So in the near future impulse decline of the pair is expected.

Vasiliy Lukin
FreshForex Analyst
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