Forex news.
Today is a remarkable day – it is exactly one week since the mid-term trend of EURUSD currency pair has set at Forex market, following bullish impulse. Correction to it will sooner or later reach the needed wave level, and price will break from the binding flat. In addition to visual impressions from timeframe h4 chart, this is proved by the main line of AO_Zotik index, which has firmly set within the flat zone of the timeframe.
Descending from mid-term top point to sessional m15, one can see that beneath that flat point of mid-term wave there appear waves of smaller timeframes, which form the same patterns and fractals again and again and day after day.
According to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, wave "С" of m15 level is expected to form before the start of European trading session. In this reference, there already exist the turning points of the price; if the are not broken, price rise is expected to continue.
