Impulse decline of the pair | 27 Juli 2016
27 Juli 2016, EUR/USD
Correction, which was formed in a wave [iv], has apparently completed its development. Thus, these waves probably took the form of a zigzag, and twitched decline observed over the last week was the first sub-wave wave [v ]. At the same time, there is a probably of the correctional second impulse wave in the wave [v]. Anticipating this third sub-wave, I've set a Sell pending order at a local Low. So in the near future impulse decline of the pair is expected.
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.
