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Impulse growth is expected to renew

26 May 2015, EUR/USD

26 May of 2015, EUR/USD

As we expected, decline of this pair has continued.

The price has almost reached Fibo level 61.8%. From this level we expect that reversal will take place and the pair will renew its growth within the frames of ascending impulse.

Expecting this growth, we opened a Buy position.

So, if our assumption is correct, in future we will see growth associated with development of the wave [iii] of (iii).

Impulse growth is expected to renew.

Vasiliy Lukin
Analyst of «FreshForex» company
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