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Wedge is possibly being formed

16 June 2015, EUR/USD

Since expected movement is not taking place, wave mark has been corrected a little.

According to the updated option, we possibly deal with wedge now which has been emerged from exactly the same wedge - the wave [i].

To be finalized, it lacks the end wave [v], which is now probably formed.

But the wave [v] of (i) can also be an impulse and soon new waves iii, iv and v will emerge.

So, if this assumption is correct, in the nearest time we will witness continuation of impulse growth of the pair .

Wedge is possibly being formed!

Vasiliy Lukin
FreshForex Analyst
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