EURUSD: Rise did not end

5 thg 5, 2015

I have waited the correction at 1.11 level, but there was more deep to 1.1065 with combination structure - double zig-zag.
The depth of this correction may say about happen alternative count:
1.128 = wave (3)
1.1065 = wave (4)
It is does not much important, because it is does not cancel rise again.

The structure of correction looking ended, although movement from 1.1065 does not look a clearly impulse wave:
a. wave count: double zig-zag
b. rise after wave y break level of wave x
c. RSI low level

I think this pair have a good chance for next rise from this levels: at least will try to break down maximum of 3rd wave 1.1288 with next level at 1.14