Correction will continue its development | 29 Juni 2016
29 Juni 2016, EUR/USD
The upward movement is corrective and is represented by the second wave of elongation - the wave iii of the downward momentum. To open a Sell trade, we need wait for update of Low or change of the marked trend. At the same time, potential for downward movement is very good.
Thus, in the near future we expect correction to continue, whereupon drop is likely to be resumed.
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.
