Log in

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
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.