It is widely known that slowdown of strong trend of higher wave level requires much effort and time. Several recent days at Forex market provide an excellent proof of this by a set of extremely strong counter-impulses of common European currency against US dollar. As a result, reversal price level 1.2316 has been formed at EURUSD chart of h4 range. If this point is broken, correctional wave level may gain the strength of previous bearish impulse.
According to the specialists of the System of Early Prediction Sub-department of , due the nature of EURUSD sub-wave structure within h1 flat zone, which is interesting in relation to the present trading day, it is highly likely that upward correctional structure to h1 ABC algorithm will continue.
Price level 1.2225 is also worth paying attention to, for trading plans are to be changed if it is broken below.
Analysis by: Tatiana Kashyrskaia, analyst of EURUSD Forex Department, trader of SRP Sub-department of
