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Some uncertainty

Some uncertainty | 23 December 2015

23 December 2015, EUR/USD

Situation is still uncertain for the considered pair.

On the one hand, it is possible that development of the correctional wave ii is over and the price was to form the third wave.

On the other hand, as long as a local High is not updated, the pair can begin to drop within development of the same wave ii and then correction will continue and will be formed over a long time.

Based on this, we'd better observe the situation from the outside and open a Buy trade on update of a local High.

Some uncertainty

Vasiliy Lukin
FreshForex Analyst
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