Growth scenario was not allowed | 08 April 2016
08 April 2016, EUR/USD
All efforts of bulls to break above were in vain. There is a feeling like the car working up the speed faced the wall, which buyers drove in at full speed. Of course, such a painful blow affected their spirit.
Breakdown of the upper border of the defined range turned out to be false, the price has updated High a little and returned back. Probably this way the wave c of y was finally formed.
Now in the future we probably expect beginning of impulse drop of the pair. We can already try cautious sales with Stop Loss placed at the maximum price.
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.
