Expectations regarding bullish movement

30 July 2015, EUR/USD

The price has not canceled the considered option implying beginning of wave (iii) of the upward momentum.

Perhaps, at the moment corrective decline is developing.

So, if this assumption is true, soon we can expect a sharp impulse jump upward, which is confirmed by the data shown on the chart below.

If the price updates its Low, our scenario would turn to be wrong.

Expectations regarding bullish movement

Vasiliy Lukin
FreshForex Analyst
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