Correction continues | 26 October 2015
26 October 2015, EUR/USD
This pair apparently continued development of a downward correction associated with formation of the wave (iv), which is taking an assumed form of the plane.
Now this model is obviously approaching to its final part, namely the impulse wave [c], which length will be approximately equal to the wave [a].
On the basis of these data, I have projected the level at which formation of said correction can complete.
It turns out that in the near future we still expect a continued decline in the course of which the descending impulse will form as well as the entire model.
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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.
