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Development of a third pulse wave is expected

07 September 2015, EUR/USD

Bears failed to develop their success and a further decline of the pair did not happen.

On the contrarym the price started to grow, which may indicate a resumption of the upward movement.

It is possible that formation of zigzag was completed along with development of the wave [ii] of the rising impulse.

So, if this assumption is true, soon we expect growth caused by the wave [iii]. Based on this assumption, I opened Buy trade.

 development of a third pulse wave.

Vasiliy Lukin
Analyst of «FreshForex» company
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