Uncertainty | 06 مايو 2016
06 مايو 2016, EUR/USD
As we expected, decline got even deeper. However, the price can not be satisfied with that and we expect the flat to take a more sophisticated form. Therefore, I would not recommend any trades now.
Also the pair may resume its growth, cause the diagonal figure is fully shaped. In this case, the pair will continue an impulse decline, but we can talk about only upon reach of 1.1240 and below.
So there is some uncertainty. The situation is expected to get more clear soon.
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.
