A continued drop | 05 Agustus 2016
05 Agustus 2016, EUR/USD
The price initiated development of the wave [v] of the supposed wedge. However, before continuing the downward movement, it can go through a small correction witihn the internal second wave of the expected downward impulse . This correction can be used for search of the entry points into sales by those, who did not do so, either adding a new position by those, who are in sales.
Thus, in the future we expecte a continued impulse drop of the pair.
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.
