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Euro may get stronger!

06 July 2015, EUR/USD

This week was opened with a downward gap par to the course, because of events in Greece.

Though it did not even allow bears to update local Low and buyers rushed to close this gap.

So it is early to give euro up cause it has all chances to grow because scenario of bulls is still in effect.

As per specified scenario, formation of the wave ii has been supposedly finished.

So, If our assumption is correct, in the nearest time we will see impulse growth represented by the wave iii.

Euro may stronger!

Vasiliy Lukin
FreshForex Analyst
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