Serj Panchuk
Forex news.
Once a month there is "this day" when the atmosphere in financial world is extremely heated up and when approaching Wall Street one can see people calming themselves down from the very morning and murmuring indistinct phrase "payroll day". On "this day", especially after strong midterm trends, price forms a horizontal line on the charts of many trading tools, as if it was saving the opportunity for moving upwards to the moment when American statistics is issued.
In this reference, EURUSD currency pair is not an exception at Forex market, for, according to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, on the eve of European trading session timeframe m5 shows a vague wave structure. Current presence of h4 bearish trend serves as the only reliable proof of this.
Serj Panchuk
