Waiting for a third impulse wave | 12 January 2016
12 January 2016, EUR/USD
After seemingly more than a confident beginning of growth, the pair suddenly stopped.
The reason for this probably is lack of power and belief that the upward momentum can still happen.
In terms of the wave theory, we assume that after formation of the first impulse wave, formation of the correctional second wave has begun.
In this case, if assumption is true, in the near future we can expect resumption of impulse growth of the pair, but at this time movement can be much more powerful and extended.
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.
