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Euro is ready to win new tops

21 March 2016, EUR/USD

On the hourly chart the observed pair shows no suspicious fluctuations.

Probably, having formed the wave i of the rising impulse, currently the pair is safely going through correction under the wave ii.

The hourly chart supposedly shows us development of a rapid upward impulse, and we can assume that correction will not be long. In the near future the upward movement will resume. long

However, to open a new Buy position, I would recommend to set a pending order buy stop to the local High and wait for response of the price

Euro is ready to win new tops

Vasiliy Lukin
FreshForex Analyst
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