Continued drop | 14 April 2016
14 April 2016, EUR/USD
Our expectations of a sharp decline of the pair were fully justified.
After a failing attempt to break up the price began to rapidly decline, breaking through the bottom of the channel.
It was caused by a double zigzag and now the pair began to develop a new bearish model.
Thus, in the future we expect a continued drop of the pair within the downward momentum.
My yesterday's sell trade have been successfully transferred into a lucrative break-even status.
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.
