Correction in the form of simple zigzag seems to be over

02 September 2016, EUR/USD

Yesterday this pair had unpleasant prompt growth.

After brief decreasing bulls had possibility to change the situation and drove back bears.

Bears didn’t prepare to this and price had easy upward bounce.

But this moving could be correction as simple zigzag.

It is possible that the correction wave iv of decrease impulse could be formed.

If this suggestion is correct we could expect renewal of decreasing moving of the pair.

But it is dangerous to sell here it is better to wait for more clear signal.

EUR\USD. Correction as a simple zigzag is seemed to be ended.

Vasiliy Lukin
FreshForex Analyst
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