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EURUSD: Intensive Slowdown

08 June 08:30 AM

Forex news, EURUSD.
By its behaviour common European currency shows that its rapid decline against US dollar is slowing down at Forex market. Although formally h4 trend remains bearish, rising "АВС" wave structure is being built at h1 timeframe.
Correction is being formed within the structure at the beginning of European trading session. As predicted by SRP Department of Masterforex-V Trading Academy, at this point EURUSD is making a transition to the final stage of such formation.

Analysis by: Alex von Stachelkopf, analyst of Forex EURUSD Department, trader of SRP Department of Masterforex-V Trading Academy

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