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Anticipating decline within the frames of correction

Anticipating decline within the frames of correction | 11 September 2015

11 September 2015, EUR/USD

The euro does not want to give up again and put price lower through formation of the wave y of [ii].

Instead, it shows contrived growth, which in the future can become a full-fledged upward momentum.

If this happens, this scenario would be cancelled.

So far, this has not happened, and there are chances for a double zigzag.

Thus, you can try to open a short position with Stop loss order to 1.1350 and target 1.0900.

Waiting for the reduction in the correction.

Vasiliy Lukin
FreshForex Analyst
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