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The pair still has a potential for growth

19 October 2015, EUR/USD

This pair still shows a bullish direction.

The reason is that formation of the assumed wedge has not been completed, although the price has moved to its final wave (v).

However, the price is far from reaching a new High, so in the future we expected a continued strengthening of the euro.

It is possible that before resumption of growth, the price can spend some time in flat, so, be careful and do not give in to these provocations.

The pair still has a potential for growth

Vasiliy Lukin
FreshForex Analyst
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