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Goal on correction has been reached, decline is to be resumed

Goal on correction has been reached, decline is to be resumed | 29 July 2016

29 July 2016, EUR/USD

Euro could reach the intended goal of correction at the top of the wave [iv], which apparently took the form of a Triple Three figure. Thus, decline is to be resumed, but the wedge lacks the final wave [v]. The price has bounced off this line, but it is not in a hurry to move down. Based on this assumption, I've set sell pending order on a local Low. Now, it remains to wait for further price movement.

Goal on correction has been reached, decline is to be resumed

Vasiliy Lukin
FreshForex Analyst
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