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Waiting for a further consolidation of Euro

27 April 2015, EUR/USD

Waiting for a further consolidation of Euro Meanwhile we witness how the scenario is successfully developing where wave (i) has formed as wedge. At present it is obvious that now everything is getting prepared for further evolvement of the wave [3] of (iii) specified emerging impulse. So, if the discussed scenario is true, there is a great potential for ascending movement. Therefore, setting new Buy positions is good if conditions are favourable for that.

Vasiliy Lukin
Analyst of «FreshForex» company
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