Wave analysis of EURUSD, GBPUSD, AUDUSD on February 15.
Due to the fairly rapid rise of the currency pair, the mark has been adjusted. Most likely, in the last sector we observe an upward impulse, which may well be an impulse wave (5). If the assumption is true, then in the coming trading days we will see a continued rise in the market. Moreover, the upward movement can be quite strong, judging the structure of the emerging wave. Today, it should be noted that the US producer price index for January will be published, this news may have a significant impact on the market and accelerate the growth of the currency pair.
As expected, the first two waves of the uptrend were built yesterday. Most likely, in the last sector we see the formation of a new bullish pulse wave 5. Thus, in the near future, it is possible to continue a fairly rapid rise in the currency pair. Taking into account the fact that today a number of important macroeconomic data will be released, the growth may be stormy.
In connection with the sharp rise of the market in the last section, the mark has been revised. There is a very high probability that now we can see the development of an upward impulse wave C. Thus, in the near future, a rapid growth of the currency pair in the wave [iii] of C is possible. This is a favorable situation for the opening of long positions.
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