Correction is about to finish | 05 January 2016

05 January 2016, EUR/USD

Development of the correctional wave is not over yet and this wave turned to be more extensive than we expected.

Thus, we assume that by the moment development of the wave ii continued.

It is possible that soon we will see continuation of the said corrective wave.

Today we obviously do not have to expect beginning of the impulse growth, so do not open a position

Correction is about to finish


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.
Vasiliy Lukin
FreshForex Analyst
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