LiteForex - Analytics


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    EUR/USD: wave analysis on 28.01.2016

    A growth is expected.

    Assumingly, the third wave 3 of the senior level continues developing. Locally, a correction as wave (ii) of iii seems to have ended. If the assumption is correct, the third wave (iii) has started forming, and the pair continues growing to 1.1150-1.1250. A critical for this scenario is the level of 1.0786 the breakdown of which would lead to a fall to 1.0710-1.0630.


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