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Bulls control the situation

09 June 2015, EUR/USD

As we supposed, euro continued its ascending movement within the frames of supposedly ascending impulse .

Though finally bulls were not even able to update local low, but it feels they have a potential for a further upward movement.

Since growth was notable and practically vertical, soon we will face a correction.

We think that this correction won't take much time to develop, so even today growth may continue within the wave iii of [iii] of (iii).

Bulls control the situation.

Nikolay Krishtopov
FreshForex Analyst
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