Forex news.
Looking at h4 chart of EURUSD currency pair, one can see that noting crucially new has happened to this trading tool during previous 24 hours when it was gaining new heights at Forex market. Formation of rather narrow h1 correctional structure that has lasted for over 30 hours may be called the achievement of the previous day.
This is proved by setting of AO Zotik index main line within h1 flat zone. According to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, the sad correctional flat-type structure looks much happier and shows a variety of nuances when it is joined by lower timeframes.
For example, m15 bearish wave "А" has formed before the start of European trading session. The present nature of correctional pullback allows making predictions that impulse nature of the trend will generally preserve. However, wave "В" may become complex (not taking into consideration possible transformations), and then one will have to wait for m15 profit-making wave "С" for a long time.
