Minor correction

17 September 2015, EUR/USD

Apparently, this pair has completed development of the wave i of [iii] of the rising impulse movement.

This was followed by drop, after which bulls failed to build on their success and renew local High.

From this we can conclude that development of the correction due to formation of the wave ii of [iii] is not yet complete.

So in the future we expect another slight decline due to development of this wave ii of [iii], and then the pair will resume its impulse growth.

The pair is in a small correction

Vasiliy Lukin
FreshForex Analyst
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