The pair is going through correction | 29 May 2015
29 May 2015, EUR/USD
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4 hours’ chart of EURUSD. As we expected, in the result of a correctional bounce the pair has broken4 hours’ Super trend line from bottom to top. Pace of decline has been lost, so this line won't work for sime time. As for a correctional bounce, it is not over yet. We are waiting when the price reaches the point (2/8), whereupon we can expect a new ascending wave. As an alternative option, we consider the plan where reversal pattern will work and lead to growth to the point (4/8).
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.
