Continued drop | 14 April 2016

14 April 2016, EUR/USD

Our expectations of a sharp decline of the pair were fully justified.

After a failing attempt to break up the price began to rapidly decline, breaking through the bottom of the channel.

It was caused by a double zigzag and now the pair began to develop a new bearish model.

Thus, in the future we expect a continued drop of the pair within the downward momentum.

My yesterday's sell trade have been successfully transferred into a lucrative break-even status.

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus