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In the fifth wave

02 October 2015, EUR/USD

As for the considered pair, no significant and insignificant changes have so far occurred.

The price clearly justifies the expectations placed upon it.

It should be noted that after completion of the horizontal Triangle in the wave [iv], formation of descending impulse has begun.

Internal structure of the momentum now points to development of the correctional wave ii of [v].

So, if this assumption is true, in the near future we can expect resumption of the impulse decline of the pair.

In the fifth wave

Aleksey Panasenko
Analyst of «FreshForex» company
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