Edward Culchenko
Forex news.
For EURUSD currency pair last week at FOREX market has been characterized by explicit proof of bearish trend of at least h4 wave level.
This fact is most brightly illustrated by the line of support/resistance in the framework of AO Zotik indicator at the corresponding timeframe; the line has confidently dived under zero point.
Speaking about this week’s first European trading session, it is supposed to show the end of forming "АВС" structure of m5 wave level against bearish trend. According to the specialists of the System of Early Prediction within Masterforex-V Trading Academy, depending on the strength and nature of this movement, one will be able to make assumptions about the start of another sub-wave extending bearish wave "С" of h1 level.
Edward Culchenko
