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Perhaps, beginning of impulse decline

Perhaps, beginning of impulse decline | 23 June 2016

23 June 2016, EUR/USD

Today referendum in the UK will be held, where citizens of the kingdom will decide whether to stay in the EU or not. Of course, results of the voting will have a strong influence on the price fluctuations of currencies.

Therefore, today we should be extremely careful either abstain from any deals.

Perhaps the correction is caused by the wave ii of the emerging downward momentum.

This model is about to be over, so soon we will see the beginning of an abrupt impulse drop. But we should sell only on breakdown of the drafted red trend line.

Perhaps, beginning of impulse decline

Vasiliy Lukin
FreshForex Analyst
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