Decline is expected

02 November 2015, EUR/USD

As we expected, the considered pair started to grow.

However, in the near future we will not see continuation of bullish movement.

We assume that after emergence of new movement, the price often comes back to the point where in fact this movement started.

This is done to wipe out of the market espcially coward bulls.

Thus, in the near future we expect fall of the price to the local Low, whereupon the pair will continue to rise within the frames of the impulse wave (v).


Vasiliy Lukin
FreshForex Analyst
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