Has the third wave started to develop?

29 January 2016, EUR/USD

The Euro has shaked its wings and started moving up.

Therefore, we expect formation of the wave iii of the rising impulse. However, the local High, from which the price has repeatedly bounced, has not yet been reached, so we cannot be fully sure impossible, the market may surprise us.

For this reason, I have slightly pulled up my Stop Loss level.

Now we are just to monitor the situation.

Has the third wave started to develop?

Vasiliy Lukin
FreshForex Analyst
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