Formation of the wave continues! | 13 اكتوبر 2015
13 اكتوبر 2015, EUR/USD
As we expected, the pair had continued to move in an upward direction.
The reason is obviously formation of the wave (v)of the supposed wedge.
In addition, it is worth noting that we assume that the wave (iv) has took the form of a horizontal triangle, the upper line of which was broken, indicating an outlook for a further growth.
Thus, in the near future, we obviously expect a continuation of the impulse growth of the pair based on this scenario.
.png "Ongoing formation of the wave (v)")
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
