08 June 09:03 AM
Forex news, EURUSD.
Asian trading session brought considerable rolling-correctional movement of common European currency against US dollar during the course of weekly rise at Forex market. Taking into consideration h4 timeframe, the combination of sub-waves formed as a result of EURUSD rise has hardly formed wave level of such strength that it could be called h4 rising wave "А".
Formally, new bullish wave of EURUSD has not been over yet, and recent movement of sub-waves may either raise the wave level of correction or start 4-th sub-wave. According to the System of Early Prediction Department of Masterforex-V Trading Academy, current downtrend may become a return to long-term bearish trend, as the potential of h4 reverse price level has not been realized to full extent.
Analysis by: Alex von Stachelkopf, analyst of Forex EURUSD Department, trader of SRP Department of Masterforex-V Trading Academy
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