Forex news.
Yesterday, for the first time for the last two weeks EURUSD currency pair left upper impulse zone at FOREX market and entered the flat zone of h4 wave level.
This can be observed with the help of AO Zotik index within the corresponding timeframe. The processes happening within the mid-term flat are to be observed within m15 timeframe, which shows that yesterday’s bearish wave "А" is completed by correctional wave "В", the formation of which is not over yet.
As inertness of strong mid-term uptrend has not expired, the specialists of the System of Early Prediction Sub-department within Masterforex-V Trading Academy agree that correctional wave is highly likely to “go over” the base line of "А". Moreover, the possibility of transformation of wave "В" into the wave completing mid-term bullish trend cannot be excluded. That is why it is of major importance to maintain the criteria of wave "В" during European trading session.
