Development of correction is nearing the end | 28 يوليو 2016
28 يوليو 2016, EUR/USD
Having rebounded from the bottom and rushing to the top, the pair now is starting to reel off. Thus, a a triple three figure is ready and the wave [iv] has been formed almost completely. Now, perhaps, we can expect reversal and impulse drop of the pair boosted by the final wave [v] of the wedge. In this case we should wait until the beginning of decline, entering now is dangerous, because the market can redraw the entire wave pattern from bearish to bullish.
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.
