Stay 
Trading Conditions
Products
Tools
EURUSD, H4:
The EURUSD currency pair has formed a large impulse. As part of this impulse, the second half of the corrective wave 4 has been developing for the last six months. Wave 4 has a horizontal internal structure and is the wave plane [A]-[B]-[C].
It is worth paying attention to the final part of the downward impulse wave [C], that is, subwave 5 of (5), which takes the form of the final diagonal [1]-[2]-[3]-[4]-[5]. Perhaps this final diagonal is half completed. The development of this diagonal is expected to continue in the near future. We see completed subwaves [1]-[2]. The third sub-wave [3] is in the development stage, which may take the form of a downward zigzag (A)-(B)-(C).
It is assumed that the corrective wave (B) will be completed at the level of 1.1520. A rough outline of the possible future movement is shown on the chart.
In the current situation, it is possible to consider opening buy deals in order to take profit at the level indicated above.
Trading recommendations: Buy from the current level, take profit 1.1520
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
