Chances for consolidation of Euro are fading | 17 July 2015
17 July 2015, EUR/USD
By all appearance, development of the linking wave [x] is already over.
The decline witnessed by us now is the part of the wave [y].
In the nearest time we shall probably expect continuation of decline within the frames of development of a correctional model represented by double zigzug.
It is dangerous to buy in this situation and better wait when an assumed model will complete its formation.
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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.
