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Drop is going to continue

31 August 2016, EUR/USD

Bears have caught the initiative and continue to control the situation.

Pair is decreasing not so quick as at the beginning according to the possibility of developing the decreasing impulse.

Probably in this moment wave iii of decreasing impulse is forming. This wave is continuing to length.

If our proposal is correct we are expecting further impulse decrease.

So opening deals on sell is possible.

The nearest aim of this decreasing is 1.1050 level of the price at the moment.

EUR\USD. Pair decreasing is going to continue.

Vasiliy Lukin
Analyst of «FreshForex» company
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