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We are expecting decrease

We are expecting decrease | 26 August 2016

26 August 2016, EUR/USD

Pair hasn’t started decrease moving.

After small down moving buyers slowly turn pries back to the first level.

Now we observe bearish trend but confidence in further pair decrease gets smaller after every upward moving.

But it is possible that we observe development of inside correction into incipient decrease impulse.

So possibility of further pair decrease remains in limits of forming incipient decrease impulse.

But for set deal it is better to use pending order on sell which could be set on level 1.1240, stop loss is better to set after opening pending order.

EUR\USD. We are expecting decrease.

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Vasiliy Lukin
FreshForex Analyst
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