EURUSD CORRECTION PHASE

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EURUSD CORRECTION PHASEEuro / U.S. DollarFOREXCOM:EURUSDprithivi384Well in monthly the eurusd seems consilidating.But in daily timeframe its looks like entering its correction phase after the impulse movement.so we can watch and do what its actually going to do by checking the lower time frames and take trades according to the risk management .the thing is we donts know when its going to reverse from correction phase to impulse phase but if we are trend trading we can use this oppertinuty and try to trade the correction phase .may be due to the wars thats happening arround the world this can lead to a deeper correction phase.But do your analysis and take proper risk management to be on the profitable side.