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Correction will change direction again

31 March 2016, EUR/USD

Expectations on further growth of the pair turned to be fully proved.The price has moved up indeed, albeit with a slight distance.

Upon that, the price has reached a local High, where buyers have faced a fierce resistance of rivals and now we can expect a corrective decline. It's hard to say how deep and long it will be, therefore, in this situation, it is better to choose the role of an outside observer, or try to sell, and at the first the possibility to transfer a trade to the breakeven status.

It is worth keeping opened Buy deals, but we must at least turn them into the breakeven status.

Vasiliy Lukin
Analyst of «FreshForex» company
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