Correction continues

08 December 2015, EUR/USD

As we expected regarding the considered pair, it continued to develop a corrective pullback.

It is still too early to anticipate that soon the pair will resume to grow, cause it is likely that the pair will continue to be traded in the narrow range.

It should also be noted that there is a very good opportunity to open another position to buy, because in the event of renewed impulse growth, potential of movement has a few hundred points.

Thus, in the near future we expected correction to continue, whereupon the pair will apparently resume its growth.

Correction continues

Vasiliy Lukin
FreshForex Analyst
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