Upward impulse move | 21 January 2016
21 January 2016, EUR/USD
Buyers continue to be challenged by the level, which was drafted virtually from scratch.
For the third time in run, the price rebounded from the range 1.0970 - 1.1000. This might mean a delayed formation of correction caused by the wave ii of [iii].
If this assumption is correct, in the future we expect breakdown of this level and notable impulse growth of the pair .
For a safer entry, you should use pending buy stop orders, which is set slightly above 1.1000.
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.
