It is high time to buy!

10 August 2015, EUR/USD

Friday's trading day turned to be remarkable in terms of confirmation of suppositions that obviously we should expect euro strengthening.

It was as follows, on the news the couple went sharply down, but reaching a local price minimum stopped and immediately rushed turned in the opposite direction.

So apparently the most nervous buyers were knocked out as well as those who put StopLoss too close, and also the buyers appeared who expected further decrease of the pair.

In the future we obviously expect a strong impulse upward movement due to the wave iii of (iii).

It is high time to buy!

Vasiliy Lukin
FreshForex Analyst
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