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ii wave is nearing completion

09 June 2016, EUR/USD

After some deliberation, the pair decided, albeit very cautiously and timidly, but still continue to move in an upward direction. Most likely, this increase is due to the continuation of correction formation, which is probably formed as ii wave. Thus, in the near future we may see continued modest growth of pair within the limits, which were specified by correctional model. Then, it is expected to start a sharp pulse of decrease in pair, due to the formation of downward momentum iii wave. To open order you had better wait for first down wave. In this way the probability of continuing will be higher.

ii wave is nearing completion

Vasiliy Lukin
Analyst of «FreshForex» company
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