In anticipation of the impulse

02 December 2015, EUR/USD

The euro once again begins to look at the top. What is it: an attempt to turn and beginning of the wave (v) or another trap for buyers?

The answer to this question will soon become clear.

Given the fact for the long time that the euro either has been losing its positions or staying within any particular range as well as the wave picture, according to which formation of the wave (iv) in the form of the final diagonal triangle is over, we assume that growth is the most probable scenario.

Thus, it is worth trying to open a long position with Stop set at the Low, potential of the deal is very good. But so far, we have not received confirmation in the form of impulse upward movement so it is too early to speak about potential of this trade.

In anticipation of the impulse

Vasiliy Lukin
FreshForex Analyst
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