Is sigzag delaying its development? | 28 April 2016
28 April 2016, EUR/USD
Euro continued its resistance, which was very successful. This is probably due to the fact that a large zigzag is developing. It can be the wave ii of the emerging downward pulse.
In this case, in the future we may expect continuation of growth to the High in the wave a followed by an abrupt decline.
However, up to this point, it is better to do nothing, and wait patiently for further development of events, and only when the situation gets more or less clearly, we should act based on the plan, i.e. to sell.
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.
