Drop is going to continue | 31 August 2016
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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
