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Waiting for a third impulse wave

12 January 2016, EUR/USD

After seemingly more than a confident beginning of growth, the pair suddenly stopped.

The reason for this probably is lack of power and belief that the upward momentum can still happen.

In terms of the wave theory, we assume that after formation of the first impulse wave, formation of the correctional second wave has begun.

In this case, if assumption is true, in the near future we can expect resumption of impulse growth of the pair, but at this time movement can be much more powerful and extended.

Waiting for a third impulse wave

Vasiliy Lukin
Analyst of «FreshForex» company
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