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    EUR/USD: wave analysis on 20.10.2015

    A decline is expected.

    Assumingly, there is a formation of a correction as the second wave 2 of the senior level, within which a development of wave b of 2 has finished and a formation of a downward trend as wave c of 2 has started. Locally, the first wave of the junior level (i) of c of 2 seems to be forming, and if the assumption is correct, the pair continues declining towards 1.1050-1.1000. A critical for this scenario is the level of 1.1500.


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