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The price still has a good potential for further impulse growth

The price still has a good potential for further impulse growth | 18 March 2016

18 March 2016, EUR/USD

Euro continues to surprise by its offensive activity, and the considered pair shows a well-identified upward momentum.

Perhaps, at this moment, we witness formation of the extended wave 3, which is in the initial stage of its development.

We assume formation of the correctional wave ii of 3.

Thus, soon we will see a further impulse upward movement.

To open an additional position, I would recommend using a buy stop pending order.

Vasiliy Lukin
FreshForex Analyst
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