Presumably, the formation of the third wave of the senior level iii has completed. At the moment it seems that the correction as the fourth wave iv is being formed. Locally, the “bearish” impetus as the wave (a) of iv has completed. If this assumption is correct, it is possible that the pair will grow in the wave (b) for a short time and then will continue to decline to 1.0880 on the wave (c) of iv. Critical level for this scenario is 1.1465.
read more >>EUR/USD: wave analysis on 21.05.2015
Source: LiteForex Forex Technical Analysis and Forecasts 103 0