Euro is expected to continue consolidation | 01 يونيو 2015

01 يونيو 2015, EUR/USD

The pair seems to be reluctant about its upward movement.

This movement can turn to be correctional but we consider the option of developing of ascending impulse. The most probable break-down is like that: zigzug has been finally formed on the Fibonacci level 61.8%.

So, in the nearest time we expect growth of the pair associated with formation of the wave [iii] of (iii) ascending impulse.

Euro is expected to continue consolidation.

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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