21 January 2016, EUR/USD
Buyers continue to be challenged by the level, which was drafted virtually from scratch.
For the third time in run, the price rebounded from the range 1.0970 - 1.1000. This might mean a delayed formation of correction caused by the wave ii of [iii].
If this assumption is correct, in the future we expect breakdown of this level and notable impulse growth of the pair .
For a safer entry, you should use pending buy stop orders, which is set slightly above 1.1000.