manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

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
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .