It is time to break for bulls

18 January 2016, EUR/USD

Euro continues its attempts to gain altitude and bears are keeping the currency from that by all means.

As we see, another attempt of buyers was stopped and now the pair is dropping.

However, it is likely that decline has a corrective nature and soon we will see development of the rising impulse associated with formation of the wave iii.

So, if this assumption is true, it is worth a try to make a cautious buying with a Stop based at the local Low of the price 1.0830.

It is time to break for bulls

Vasiliy Lukin
FreshForex Analyst
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