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An attempt to break upward

An attempt to break upward | 07 April 2016

07 April 2016, EUR/USD

After moving down, the pair quickly hit the upper level.

However, it was not possible to consolidate higher than is specified by the chart, so doubts regarding purchases remain.

Today further scenario should be determined.

Will growth continue in the framework of development of the wave with of y, or the wave c is already been formed and a rapid decline will begin ?

Maybe, there is another option.

So far, whether trading can be performed is still unknown

An attempt to break upward

Vasiliy Lukin
FreshForex Analyst
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