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Correction is not over

09 July 2015, EUR/USD

Correction is not over

4 hours’ chart of  EURUSD. The pair is still going through correction. The main scenario is stil the same and we are expecting a further correctional growth with the target based in resistance area formed by day and weekly Supertrend lines. Once the price reaches this level, we expect renewal of a descending movement. This scenario will be cancelled by consolidation of the price under 4 hours’ Supertrend line.

Nikolay Krishtopov
FreshForex Analyst
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