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.
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