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Hour- chart speaks for buying.

14 March 2016, EUR/USD

In the next survey all attention will be payed to weekly timeframe. Today it is interesting to see what happened on hour chart.

Our main possibility is development ending diagonal triangle as a five [v] wave (look at the chart of fore-hour chart) or double or double – triple- three or horizontal trainer or wedge.

We are preference to correction modals because weekly chart shows that EUR decrease would be continued. But it is in future and now price want to growth.

Probably the wave [v] of our ending diagonal have shape of zigzag.

In this zigzag waves a and b have formed as we can see from hour- chart, the b wave has shape of double zigzag.

Zigzag hasn’t final wave c, which is forming now.

In fact price could rise because impulse of c wave is in beginning. Therefore the deal on buy was opened.

Sometime later we can see results of this.

 Hour- chart speaks for buying.

FreshForex Analyst
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