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EURUSD: Uncertainty of Expectation

04 July 04:51 AM

Forex news, EURUSD.
What to expect from common European currency at Forex market if US monthly “non-farm” statistics is scheduled for Friday, if ECB announces refinance rate on Thursday, and if on Wednesday American financial institutions do not work due to the national holiday? Science does not give a certain answer to this question...
At the same time, specialists of the System of Early Prediction Department of Masterforex-V Trading Academy suppose that correctional upswing of Daily wave level is over-illustrative of the fact that EURUSD is within the zone of flat. H4-1 wave structures have lost their delicacy, having switched to intricate correction, which result in less desire to remain within the market.
Except for rather attractive combination of waves A and B, observed at m15 timeframe on the eve of European trading session. In a few hours it will be clear whether profit-making wave C will happen.

Analyzed by: Tatiana Kashyrskaia, analyst of Forex EURUSD Department, trader of SRP Sub-department of Masterforex-V Trading Academy

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