Forex news.
At Forex market EURUSD currency pair has been within the zone of correctional flat of h4 wave level for over 24 hours. However, there are certain signs that next bar at the corresponding timeframe will bring back AO_Zotik index main line into the zone of bullish impulse.
Reversal point 1.3359 is finishing its formation within timeframe h1, and, if this point is broken, common European currency will bring back to life. M15 chart shows the dynamics of these processes: it clearly shows that yesterday’s rising impulse can well serve as the first reversal wave up and that the line of support/resistance of AO_Zotik index has changed its colour.
According to the expectations of the System of Early Prediction Sub-department of Masterforex-V Trading Academy, in the course European trading session one is to control that the impulse nature of uptrend is preserved during the inevitable process of forming correctional wave "В" m15 with its structure of sub-waves, among which sub-wave "с" m5 down may be expected to bring profit.
