Development of correction is nearing the end

28 July 2016, EUR/USD

Having rebounded from the bottom and rushing to the top, the pair now is starting to reel off. Thus, a a triple three figure is ready and the wave [iv] has been formed almost completely. Now, perhaps, we can expect reversal and impulse drop of the pair boosted by the final wave [v] of the wedge. In this case we should wait until the beginning of decline, entering now is dangerous, because the market can redraw the entire wave pattern from bearish to bullish.

FreshForex Analyst
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