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Euro is expected to continue consolidation

Euro is expected to continue consolidation | 01 June 2015

01 June 2015, EUR/USD

The pair seems to be reluctant about its upward movement.

This movement can turn to be correctional but we consider the option of developing of ascending impulse. The most probable break-down is like that: zigzug has been finally formed on the Fibonacci level 61.8%.

So, in the nearest time we expect growth of the pair associated with formation of the wave [iii] of (iii) ascending impulse.

Euro is expected to continue consolidation.

Vasiliy Lukin
FreshForex Analyst
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