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    EUR/USD: wave analysis on 23.02.2016

    Pair is in a correction. A growth possibility remains.

    Assumingly, the third wave 3 of the senior level continues developing. Locally, a downward correction in the fourth wave (iv) of the junior level seems to be forming. If the assumption is correct, the pair continues growing towards 1.1500, 1.1600 after a breakout of the level of 1.1133. Critical for this scenario is the level of 1.0780, a breakdown of which would allow the pair to fall to 1.0600, 1.0500. 

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