Forex news, EURUSD.
Yesterday another local minimum was vigorously broken. The minimum had been formed at the end of the previous week at EURUSD chart, and on Monday it was mistakenly considered as a starting point for euro recovery due to rising gap at the beginning of trading session. No such luck...
Moreover, this early morning yesterday’s minimal price level has been suppressed. After this, during the European trading session EURUSD currency pair may be expected to move upwards in the form of m5 wave "С", which is appealed to join the combination of "АВС" structure and hidden m5 wave "В". At present the signs of m5 hidden wave"В" changing into another extension to the current trend are hard to trace.
According to the System of Early Prediction of Masterforex-V Trading Academy, m30-h1 wave "С" may start due to the future upward movement of euro at lower level, for the preparation to forming waves "А" and "В" of corresponding power is over.
