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Foreign exchange market

Rapid Recovery of Euro Changed Market Trend

27 July 08:50 AM

Yesterday’s optimism at Forex market concerning the rise of common European currency against US dollar made it clear that euro recovery will not end soon, and that collapse will not happen in the nearest future. Radical change of market condition has been marked by AO_Zotik index at timeframes ranging to Daily.
From technical point of view, before the start of intraday trade on Friday, rising АВС structure of m30 wave level could be identified. Besides, price level 1.2269 has been formed; wave C will be over when this level is broken below. However, according to the specialists of the System of Early Prediction of Masterforex-V Academy, this will not mean that euro uptrend will be over… this will mean that interested parties will have enough time to take the right trading decision.

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

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