As we already told, a wave 4 can supposedly take more complex and prolonged form. In the same time, increased volatility on stock markets can allow Euro-Dollar to form a stable downward trend. But until critical level not got over, the question of trend change remains open. Supposedly, in the process of forming C wave in B on final section, it must finish acquisition of 5-wave structure. In close time it will become known - until which of correction levels a price can go down.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst