The wave iv is still evolving | 19 February 2016
19 February 2016, EUR/USD
Albeit reluctantly but Euro still continued against the US currency.
As we mentioned, this drop has obviously a corrective nature and is caused by the wave iv. In the future, we expected growth within this correctional wave, which is likely to take the form of a zigzag.
My two attempts to availe this movement turned to be unsuccessful, so I will not open a trade for a third time but it could be an option provided a stop loss is set at a local Low.
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.
