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Decrease

Decrease | 29 August 2016

29 August 2016, EUR/USD

Last trading day of the previous week was quite interesting and propitious according to our expectations.

Pair started confident decrease but before this price had played bad joke and closed deal, which had been opened early, by stop loss. When local minimum was renew the new deal was opened.

Probably we can see the beginning of development wave 3 of decrease impulse.

To be more exact now we can observe forming of wave iii of 3.

Price hasn’t reach the set aim so it is possible to open deal on current prices.

The potential of further development is very good.

So the bearish mode of this pair is remained and now deals on sell are more relevant.

Decrease

Vasiliy Lukin
FreshForex Analyst
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