Rimani 
Condizioni di trading
Strumenti
EUR/USD, H4 timeframe:
The price of the EUR/USD pair collapsed rapidly in the last section. The previous version with a converging horizontal triangle was broken. The decline means that the correction wave 4 was completed earlier in the form of a simple bullish zigzag [A]-[B]-[C]. After that, the price formed sub-waves [1] and [2].
Given that the market is forming the last part of the downward impulse, wave 5 can take the form of the final diagonal, in which the sub-waves [1], [3], and [5] are simple bearish zigzags.
Accordingly, the wave [3], which is now being formed, is also a zigzag and consists of sub-waves (A)-(B)-(C). The completion of this downward zigzag is expected at the level of 1.1393, after which the price may begin to form a small upward correction [4].
Moreover, considering that the market is not rich in news today, the formation of the initial part of the upward correction (B) after a decline to 1.1393 is quite likely.
An approximate scheme of possible future movement is indicated on the graph.
Trading recommendations:
It is recommended to open short positions from the current level of 1.1480, with the target of 1.1393.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
