Correction is still developing | 21 Juli 2015
21 Juli 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.
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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.
