Expectations of drop are still here | 28 June 2016
28 June 2016, EUR/USD
After the impulse wave, the pair started to shape correction. We assume that an abrupt decline was caused by the wave iii, which appears to be elongated. Thus, the observed correction is likely to be the second wave of extension, and once it is finally shaped, we can expect an impulse decline of the pair to continue.
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.
