Impulse growth | 22 January 2016
22 January 2016, EUR/USD
Again, buyers did not force the issue, giving initiative to their opponents, causing decline, which supposedly has a corrective nature.
We assumed that the wave ii of [iii] of the expected upward impulse was finished.
If this assumption is correct, the pair will begin a rapid impulse growth in the framework of this rising scenario.
For these reasons, I have set a Buy pending order on the local High
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.
