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Development of third impulse wave is going to the end

12 February 2016, EUR/USD

Upper movement on this pair is going to be more irrational.

We can observe that growth is slowed down cause the development of wave iii with inside lengthening is going to end.

We are expecting that this wave will be probably closed by ending diagonal triangle.

The following correction decrease could be deep or whole rising impulse could transform into zigzag.

It is early to talk about it and we are expecting one more upward bounce maybe it would be the last. After that it is time for selling.

Development of third impulse wave is going to the end

Vasiliy Lukin
Analyst of «FreshForex» company
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