The upward movement has all the chances to continue

16 December 2015, EUR/USD

Winning procession of the euro has been suspended by fierce resistance of US dollar.

The pair still managed to gain a few points to upgrade a local High, but then suffered from a setback.

Perhaps, this correction is caused by development of the second wave of the emerging extension of the wave iii.

In this case, in the near future we can expect resumption of impulse growth of the pair within the frames of the mentioned model.

The upward movement has all the chances to continue

Vasiliy Lukin
FreshForex Analyst
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