Zigzag in the wave ii or [iii] is still developing | 15 July 2016

15 July 2016, EUR/USD

The wave scenario still indicates that the price is likely to move within the framework of the wave iiof the emerging extension in the wave [iii] of descending impulse. Thus, in the future, we expect a strong and extended decline of the pair within the framework of the considered scenario, but before that the price may even grow slightly.


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.
Vasiliy Lukin
FreshForex Analyst
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