Rising correction | 26 May 2016
26 May 2016, EUR/USD
The pair suspended its downward movement and glanced up.
Probably, extenxion in the third wave of the downward momentum has been finally formed.
Thus, in the future, a slight correction is expected, whereupon drop will be resumed.
However, entering now is very dangerous, so it is better to wait for completion of the wave ii of thedownward momentum.
I closed my Sell trade, because of a possible strong upward movement within the frames of correction.
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.
