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
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call