Time for bulls

FX:EURUSD   Euro / U.S. Dollar
Today's intense downward movement ended in accordance with expectations at 50% of the pulse. Strong traffic growth created a five wave move, instead of the expected three wave. It looks like that this movement LEDs currently deepened after the previous correction making wave B or wave 2 reversal. This wave is perfectly able to finish close to the level of 1.300 at the same time amounted to the largest adjustment range of the previous movement, retracement 23.6% and created by the formation of Head and Shoulders .
Next week we will find out whether the market will behave perfectly.


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