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The bullish scenario remains relevant

The bullish scenario remains relevant | 13 January 2016

13 January 2016, EUR/USD

After a good start bulls seem to be exhausted.

Upward movement had a too good draft, was not here a pitfall?

It is probable that after completion of zigzag shaped as the wave ii, the pair was set to develop the wave iii.

Perhaps this wave will be extended, caused inside the wave iii, the full upward momentum is emerging.

So if this assumption is true, in the near future we expect impulse growth caused by the wave iii.

The upward movement has an impressive potential but will this scenario be implemented?

The bullish scenario remains relevant

Vasiliy Lukin
FreshForex Analyst
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