16 February 2016, EUR/USD
As we expected, the pair is still going through correction, thus confirming the fact of completion of wave iii
At the moment, the situation is as follows: we assume that this correction is formed as the wave iv of the rising impulse .
It will be followed by the price movement drafted at the chart below.
Based on this, I don't recommend opening transactions now, though you can try to buy with a view to a local High with a Stop order based on the local Low.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us