The bearish momentum will continue | 19 May 2016
19 May 2016, EUR/USD
An ongoing development of the third pulse wave downward momentum.
It is possible that the price is currently forming an extention in the third wave.
In this case, we will have an extended impulse drop of the pair. So, my opened trade is still in operation, but I have moved Stop Loss below.
If our assumption about the development of the descending impulse is true, in the future we ,ay expect a long downward spiral.
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.
