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Scenario has changed, we expect an impulse drop

Scenario has changed, we expect an impulse drop | 01 Oktober 2015

01 Oktober 2015, EUR/USD

Our frame and the whole scenario has changed, since bulls failed to find the arguments for a strong impulse movement.

Trading takes place within the defined borders with a slight upward inclination, and this in turn points to a corrective nature of movement.

Therefore, it is possible that price movement from the early May has been correction in the form of a double three, which is expected to have finally formed.

At the same time, we assume that formation of the wave iii of [iii] downward impulse has begun.

If this assumption is correct, in the future we will have a long impulse drop.

Scenario has changed, we expect an impulse drop.

Vasiliy Lukin
Analis perusahaan "FreshForex"
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