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Pair is preparing to continue rising

Pair is preparing to continue rising | 22 March 2016

22 March 2016, EUR/USD

Situation on market isn’t interesting.

Prompt growth has changed buy inactive decrease. Probably it is result of correction development which formed as ii wave.

It is important that correction decrease has finished. Pair starts rising it is good level for buys and we can see level for putting stop-loss .

Potential of rising is several hundred pips so we should use this chance.

We are expecting growth in limits of development of wave iii of 3. The third wave of third is very strong so we can expect stromg and prompt movement with small risk.

Pair is preparing to continue rising.

Vasiliy Lukin
FreshForex Analyst
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