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Monday, 5 October 23:59 (GMT -05:00)

Foreign exchange market

EURUSD: Lasting Gravitation

Forex news.
Yesterday’s attempts of common European currency to overcome gravitation at Forex market and enter an uptrend in relation to US dollar have not been successful. The main line of AO_Zotik index failed to quit h4 bearish impulse zone. At the same time, there are certain secondary signs of the end of mid-term bearish trend, they are, though, too early to appear.
However, when looking at m15 chart of EURUSD currency pair, one can see the lasting bearish trend, represented by a combination of forming waves "А" and "В" of m10-m15 levels. If impulse nature of the down trend is broken, the decline will be continued by profit-making wave "С". Otherwise, according to the specialists of the System of Early Prediction Sub-department of Masterforex-V Trading Academy, anything may happen.



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Text: Tatiana Kashyrskaia, trader of SRP Sub-department of Masterforex-V Trading Academy
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