EUR/USD: Wave analysis and forecast of 14.03 – 21.03: The pair will continue to grow. Locally correction is being formed. Estimated pivot point is at the level of 1.3800.

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Our opinion: Buy the pair from correction above the level of 1.3800 with the target of 1.3990 – 1.40.
Alternative scenario: Breakout of the level of 1.3800 will enable the price to continue decline to the levels of 1.36 – 1.35.
Analysis: Presumably, upward momentum in the fifth final wave of the wedge is nearing completion; the wedge in its turn is finishing long-term ascending correction. If this assumption it true, we can expect the rise in price up to the level of 1.40, reversal, then the prioce will reverse and go down.