Strained to the limit

23 November 2015, EUR/USD

The final day of the last trading week, as often happens, brought an unpleasant surprise.

A good start of growth was immediately replaced by the same decline, and although update of Lows did not happen, everything is very vague now.

The price may at any time fall below the critical level and then, instead of turning, we can get a strong and lasting impulse drop.

As long this has not happened, development of the impulse growth has miserable but chances for implementation and my Buy trade is still at work.

Anyway upcoming trading week should finally solve all these puzzles. Meanwhile, I specified on the chart below the way I see this pair now.

Vasiliy Lukin
FreshForex Analyst
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