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.
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.
