Decline has all chances to continue | 08 أغسطس 2016
08 أغسطس 2016, EUR/USD
Apparently, drop is caused by formation of the final wave [v] of the the initial diagonal triangle or simply the wedge. In this case, potential for further downward movement is still very good, especially since the recent pricks were in the upward direction. The last indicates the possibility of a small correction. We can try to sell with cautious within the emerging fifth wave of impulse.
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.
