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Another Attempt to Stop Euro from Falling

26 July 09:48 AM

During the current trading week at Forex market common European currency is attempting to stop its decline against US dollar, which is becoming fatal. This has resulted in the fact that the main line of AO_Zotik index has set in the flat zone h4, thus having formed reversal price level 1.2170.
Taking into consideration perspectives of intraday trading, one can see that impulse nature of last uptrend, which starting in the afternoon the day before yesterday, is at the point of collapse. This, according to the specialists of the System of Early Prediction Sub-department of Masterforex-V Academy, will make the structure of m30 correctional flat complex. Otherwise, EURUSD will optimistically strike upwards.

Analysis: Tatiana Kashurskaia, analyst of Forex EURUSD Department, trader of SRP Sub-department of Masterforex-V Academy

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