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Formation of the wave continues!

Formation of the wave continues! | 13 October 2015

13 October 2015, EUR/USD

As we expected, the pair had continued to move in an upward direction.

The reason is obviously formation of the wave (v)of the supposed wedge.

In addition, it is worth noting that we assume that the wave (iv) has took the form of a horizontal triangle, the upper line of which was broken, indicating an outlook for a further growth.

Thus, in the near future, we obviously expect a continuation of the impulse growth of the pair based on this scenario.

continuing wave formation (v)

Vasiliy Lukin
FreshForex Analyst
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