Yuriy Ukazkin
Yesterday was a peculiar day for the common European currency. Instead of forming a full-grown correction against the recent upswing of wave level H4, the currency pair increased the wave level of the prceding bullish move and started elongating it within the scope of a mid-term uptrend. The AO_Zotik indicator allowed the SRP Department () to spot and follow this move just in time to profit from it.
In terms of the new wave analysis developed by Masterforex- V Academy, we can identify wave A of level M15. At this point, the currency pair seems to be forming wave B within the scope of a new ABC pattern. Those who will manage to catch the forthcoming wave C, will be able to enjoy decent profits.
Yuriy Ukazkin
