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Impulse growth may be resumed

08 February 2016, EUR/USD

As we expected, such a rapid and surge of the price will be followed by some calm period, which led to a slow decline.

We assume that this decline has a corrective nature and formed part of the wave iii of the rising impulse.

If this assumption is correct, in the future we will expect resumption of growth of the pair within the frames of the considered scenario, although we should not exclude the possibility of a continued correction

Impulse growth may be resumed

Vasiliy Lukin
Analyst of «FreshForex» company
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