Forex news.
Last week has proved mid-term bullish trend of EURUSD currency pair at FOREX market by quitting the correctional flat of h4 wave level with a strong impulse of corresponding wave "С", which keeps being formed. The timeframe shows that there may be a pause in the rise, which will be represented by local correctional pullback at the level of sub-waves.
This is proved by AO Zotik index moving the main line into flat zone of h1 level. However, it will be interesting to observe and maybe even partake in the coming European trading session. A turning point is trying to form wave "А" at m15 timeframe. Then, as usual and as calculated by the experts of the System of Early Prediction within Masterforex-V Trading System , corresponding wave "В" will add to the structure. Speaking about profit-making wave "С", it will not start before the American trading session.
