Forex news.
There is no doubt that this will be said to economic analysts when they wake up from their sleep and look at EURUSD chart at Forex market as an explanation to considerable decline at the market opening at the beginning of the working week. However, the fact remains that every possible level of support, including psychologically important ones, has been broken.
At present the decline of EURUSD currency pair has gained the power of a trend of h1 wave level, as a part of which "АВС" structure is set. According to the specialists of the System of Early Prediction Sub-department of Masterforex-V Trading Academy, if impulse nature of the trend remains for wave"С" h1, wave "В" as a part of m15 "АВС" structure down will finish its formation during European trading session. Otherwise, higher level correction will develop.
