22 April 2016, EUR/USD
The last trading day was very eventful.
Various news boosted a great volatility.
At one moment, the pair has soared to the local High, then immediately it turned back to its previous level.
The correctional wave 2 of the emerging downward momentum is over.
Now we expect a long impulse drop of the pair caused by formation of the wave 3.
In this situation, I recommend to open short positions with a Stop Loss set at the local High