The breakthrough has taken place!

04 February 2016, EUR/USD

Finally, buyers failed to get out from under the resistance level and update the local High.

Now the price needs to consolidate here more or less. Otherwise, all the efforts of bulls will be for in vain.

But the fact that it was a determined movement already indicated that it will continue.

We assumed that the wave iii of [iii] the upward momentum is being formed under the considered scenario.

Apparently, the mentioned wave is to extend more, so in the near future we expected a durable impulse growth of the pair

The breakthrough has taken place!

Vasiliy Lukin
FreshForex Analyst
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