Log in

Euro is expected to start consolidation

24 November 2015, EUR/USD

Euro had made another step down and updated the local Low.

We are to face an absolute Low of a the single currency for several years, but I think that the price will not be allowed to continue a deeper decline.

Traders stopped leaving long positions, the most part of buyers closed by Stop and the price can start growing.

It seems that soon we will face beginning of impulse growth caused by development of the wave (v) of the rising movement.

Based on these assumptions, I opened a Buy trade targeting 1.1700.

Euro is expected to start consolidation

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.