manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Impulse decline is expected

11 August 2016, EUR/USD

Yesterday Euro was trying to attack. Bears were not ready for such events and allowed growth to almost the starting point of the previous decline. But the price failed to update High, perhaps because that the upward movement had only a corrective nature. Thus, if this assumption is true, within the near future we can expect impulse decline to resume.

For this reason, I've opened a Sell trade with a short stop loss set at a local High.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .