Forex news, EURUSD. Influenced by a number of negative fundamental factors from Europe, its common regional currency keeps falling into a fatal devaluation against US dollar. At the charts of timeframes from Monthly to h1 the line of support/resistance of AO_Zotik index is in negative area.
Speaking about sessional timeframe m15, it shows the signs of possible recovery of EURUSD at local level. Thus, recent rally, according to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, can be called wave А. If it is joined by corresponding correctional wave В, there is a high likelihood of profit-making wave С, which is to be dealt with very carefully, for any uptrend today acts against the main trend.
Analyzed by: Tatiana Kashyrskaia, analyst of Forex EURUSD Department, trader of SRP Sub-department of Masterforex-V Trading Academy
