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Through correction

31 August 2015, EUR/USD

Events are developing very rapidly.

After a very strong growth, the price rushed down with no less confidence.

Such a roller coaster bring a mess, and figuring it out is a big task.

Whatever it was, but the main option is further strengthening of the euro.

It is possible that we have the wedge as the wave [i] of ( iii).

Thus, the decline has a corrective nature and a further assumed movement follows the path pained on the below chart.

Vasiliy Lukin
Analyst of «FreshForex» company
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