Has the third wave started to develop? | 29 January 2016
29 January 2016, EUR/USD
The Euro has shaked its wings and started moving up.
Therefore, we expect formation of the wave iii of the rising impulse. However, the local High, from which the price has repeatedly bounced, has not yet been reached, so we cannot be fully sure impossible, the market may surprise us.
For this reason, I have slightly pulled up my Stop Loss level.
Now we are just to monitor the situation.
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.
