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Impulse growth of the pair is expected

28 May 2015, EUR/USD

Bears had been dominating during the past trading day and they managed to force the price even lower. However, it did not pass the Fibo level 61.8%.

So, a correctional wave ii has supposedly finished its formation.

Further we expect growth of the pair associted with development of the wave [iii] of (iii) an emerging ascending impulse.

Impulse growth of the pair is expected.

Vasiliy Lukin
FreshForex Analyst
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