Third wave of the rising impulse

14 January 2016, EUR/USD

The considered pair continued development of correction, emerging in the assumed wave iii of the rising impulse.

The mentioned correctional wave is the second one in the impulse.

Meanwhile it is difficult to say how long correction will continue, but outcome is close.

So, if our assumption is correct, in the near future we expect a rapid impulse growth caused by development of extension in the wave iii.

Third wave of the rising impulse

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