In the third impulse wave | 22 April 2016
22 April 2016, EUR/USD
The last trading day was very eventful.
Various news boosted a great volatility.
At one moment, the pair has soared to the local High, then immediately it turned back to its previous level.
The correctional wave 2 of the emerging downward momentum is over.
Now we expect a long impulse drop of the pair caused by formation of the wave 3.
In this situation, I recommend to open short positions with a Stop Loss set at the local High
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.
