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Сorrection in the fifth wave, growth is inevitable

Сorrection in the fifth wave, growth is inevitable | 16 October 2015

16 October 2015, EUR/USD

The pair continues to take the shape which we expected.

After the price left the triangle, it continued to rise, however, it is still not ready to continue to move up.

The price went to the correctional decline observed at the moment.

It should be noted that this decline is formed within development of the wave (v), so we should not expect its long-term extension.

Most likely in the near future we can expect resumption of the upward movement of the pair.

Formed a correction in the fifth wave, growth is inevitable.

Vasiliy Lukin
FreshForex Analyst
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