Through correction | 31 August 2015
31 August 2015, EUR/USD
Events are developing very rapidly.
After a very strong growth, the price rushed down with no less confidence.
Such a roller coaster bring a mess, and figuring it out is a big task.
Whatever it was, but the main option is further strengthening of the euro.
It is possible that we have the wedge as the wave [i] of ( iii).
Thus, the decline has a corrective nature and a further assumed movement follows the path pained on the below chart.
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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.
