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Entering the consolidation phase.

Entering the consolidation phase. | 01 April 2016

01 April 2016, EUR/USD

The pair is not ready to rest and continues the upward movement in the course of which a local High has been updated successfully.

It is possible that it will be enough for bulls and the pair will start correctional decline or prolong the flat.

In this regard, sales will become more relevant or it is better to refuse to enter into any transactions.

The pair also can continue impulse growth, but in this case, with almost one hundred percent of certainty a corrective drop will start, and that's when the sales will be very helpful

Vasiliy Lukin
FreshForex Analyst
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