11 May 05:26 AM
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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The world's most popular currency pair which is EURUSD has been trading within the scope of a pretty wide price range (1.2858-1.2962) for 3 days in a row. While staying within the range, the common currency tried to strengthen against the US Dollar yesterday.
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