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It is time to open short positions

It is time to open short positions | 20 April 2016

20 April 2016, EUR/USD

During the whole week the pair has been slowly growing, showing no impulse, which indicates corrective nature of growth.

The upward movement was boosted by the wave 2. < p> In the course of yesterday's trading, the corrective recovery took final form.

Thus, in the near future we aexpect resumption of impulse drop within the wave 3 of the downward momentum.

In this situation, it is necessary to try to open a short position, that, in fact, was done by me

Vasiliy Lukin
FreshForex Analyst
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