Impulse growth may resume

24 December 2015, EUR/USD

For the entire trading day the pair had been dropping yesterday without much enthusiasm, clearly showing that the movement is caused by correction.

It is possible that we are dealing with emergence of the extended third impulse wave, and in the course of yesterday's decline the second wave of the upward momentum was formed.

So, if this assumption is correct, in the near future we will have a long impulse growth caused by development of the third wave in the wave iii.

Impulse growth may resume

Vasiliy Lukin
FreshForex Analyst
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