Euro is expected to start consolidation | 24 نوفمبر 2015
24 نوفمبر 2015, EUR/USD
Euro had made another step down and updated the local Low.
We are to face an absolute Low of a the single currency for several years, but I think that the price will not be allowed to continue a deeper decline.
Traders stopped leaving long positions, the most part of buyers closed by Stop and the price can start growing.
It seems that soon we will face beginning of impulse growth caused by development of the wave (v) of the rising movement.
Based on these assumptions, I opened a Buy trade targeting 1.1700.
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.
