The end of last week at Forex market has been characterized for EURUSD by a triumphant movement of AO_Zotik index main line into the flat zone of h4 timeframe. This has stopped the decline of EURUSD for a considerable period of time and introduced the phase of mid-term flat.
This should on no account result in negligence of market gamblers, for a flat zone of upper wave level always has enough strength. And there is the distinct process of forming m30 ABC upwards; as a part of it, m5-m8 correctional structure ABC is being formed. According to specialists of the System of Early Prediction Sub-department of , taking into consideration strong inertness of EURUSD at upper timeframe, this figure is highly likely to become complex in terms of both, structure and duration.
Analysis by: Tatiana Kashyrskaia, analyst of EURUSD Forex Department, trader of SRP Sub-department of
