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Correction continues

Correction continues | 09 December 2015

09 December 2015, EUR/USD

Meanwhile the pair follows our expectations.

Bulls are in no hurry to force things, bears are still knocked down by such a sharp response from the rival, and now nothing can oppose them.

As a result, the pair is growing up, but still is in a corrective range.

We can testify its impulse growth only after update of the local High. As long as it does not happen, we can tell only about correction, which is quite possible to be the second wave of the emerging upward impulse.

Thus, in this situation you may try to open a Buy trade as the impulse growth is likely to be later.

Correction continues

Vasiliy Lukin
FreshForex Analyst
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