22 December 2015, EUR/USD
The euro began to strengthen again, but without much enthusiasm. It is possible that this upward movement was formed within correction, especially since the local High was not updated until and the price has to grow much to reach it.
But the chance of that we are dealing with the part of the impulse wave iii is still there.
To confirm it, we need a rapid upward movement in which a High maximum will not be simply updated, but will be as high as possible.
In this case we can simply skip this movement, therefore, you may try to open a Buy trade with Stop Loss placed at local Low, namely 1.0800
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