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Foreign exchange market

Sub-wave Fuss of EUR Flat

03 August 05:00 AM

Formally, at Forex market h4 bullish wave is finished at the chart of common European currency against US dollar. Despite the seeming determination, the movement of EURUSD against long-term bearish trend, which has lasted for three previous days, has generally demonstrated its correctional nature.

Speaking about intraday trade, m15-m30 bearish impulse, which emerged during American trading session the day before, may be defined. If the impulse nature of this movement remains during the process of forming sub-waves, “sellers” would be delighted with the fact of having got the profit. Otherwise, according to the specialists of the System of Early Prediction of Masterforex-V Academy, the structure of EURUSD movement will become intricate while waiting for the charge from global fundamental factors.

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

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