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

Holding short positions

30 August 2016, EUR/USD

After the Friday's reaction of market to speech of Fed's Chair, we finally saw a good downward movement. The price decided not to descend and took a correction. The above correction seems to have been formed within the wave iii of the downward momentum and may be the second wave of the emerging extension. If this assumption is correct, in the future we expect continuation of impulse drop within the considered bearish impulse model.

Sales still remain relevant.

Holding short positions

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.