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Correction is over

Correction is over | 29 June 2015

29 June 2015, EUR/USD

Today's session opened with a downward Gap.

At a first glance, it seems that bears determined this direction for the coming week. But the price is far from this drop, because bulls responded back and almost covered this gap.

Perhaps, this gap is caused by completion of a correctional wave ii.

If our assumption is correct, in the nearest time we expect renewal of growth which will form missing impulse waves.

Correction is over .

Vasiliy Lukin
FreshForex Analyst
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