Zigzag continues its formation | 29 April 2016
29 April 2016, EUR/USD
Euro continues to behave aggressively rising higher and higher.
However, local High has not been reached yet. Structure of movement still looks like a zigzag, which suggests that growth has a corrective nature.
The 4 hours chart clearly shows that the assumed diagonal triangle is finally formed. Now zigzag is developing, where the wave [b] will soon be formed. Thus, if this assumption be true, in the future we can expect resumption of drop under the wave [c] of the mentioned correctional model
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.
