Potential of buyers is going to be exhausted
11 February 2016, EUR/USD
At this stage of developing of the upward momentum, buyers are getting weaker. That is leading to the leapfrog of downward and upward movements.
It is possible that the wave iii of [iii] is about to be over and soon we are likely to expect beginning of correction. However, before that, the pair still can slightly surge.
In this situation, we can just monitor, cause no promising movements are expected
Vasiliy LukinAnalyst of «FreshForex» company
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