Сorrection in the fifth wave, growth is inevitable | 16 October 2015

16 October 2015, EUR/USD

The pair continues to take the shape which we expected.

After the price left the triangle, it continued to rise, however, it is still not ready to continue to move up.

The price went to the correctional decline observed at the moment.

It should be noted that this decline is formed within development of the wave (v), so we should not expect its long-term extension.

Most likely in the near future we can expect resumption of the upward movement of the pair.

Formed a correction in the fifth wave, growth is inevitable.

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus