Correction is still developing | 21 Julio 2015

21 Julio 2015, EUR/USD

Downward movement has stopped finally. It seems that the pair is preparing to a certain bounce within the frames of development of correction.

In the terms of the wave framing, this correction is being formed in the wave [y] of (ii).

Meanwhile, scenario with the wedge has chances to be implemented. Therefore, we base ourselves on this scenario. Trading in this situation is very risky, it is better to stay away for 1 – 2 days.

Correction is still developing.


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.
Vasiliy Lukin
Analista de la empresa" FreshForex
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