Perhaps, development of correction is completed | 27 Juli 2015
27 Juli 2015, EUR/USD
It is possible that this pair has finished development of correction.
It was assumed that the wave (ii) takes the form of a Double Zigzag and in this regard we expected continuation of decline.
However, it is quite possible that correction is shaped as a simple zigzag and by now it has already been fully formed.
So, soon we expect the pair to continue its current growth and that will be the part of the wave (iii) of an ascending impulse.
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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.
