A continued correction | 03 June 2016
03 June 2016, EUR/USD
I am concerned that correction having emerging as the ii wave looks completely formed, but it is very small. Even a more prolonged upward movement or the right movement won't hurt.
However, it is quite possible that we will see another wave within the framework of this correction.
In this case, we can start looking for the point to open short positions. In the meantime, the current picture does not encourage carry out any transactions, so is better to stay out of the market.
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.
