Mar 16, 2015

Wave Analysis 16.03.2015 Euro vs US Dollar
FXTM Online Analysis Department.


EUR USD, “Euro vs US Dollar”

The market continues forming a large descending impulse inside wave (v) of [iii]. Most likely, in the nearest future Euro may form a horizontal correction inside wave iv of (v) of [iii].





I’ve turned to a more bearish scenario, which implies that the price is forming a double extension inside waveiii of (v) of [iii]. In the nearest future, the market is expected to form a correction inside wave iv of (v) of [iii].

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