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Chances for consolidation of Euro are fading

17 July 2015, EUR/USD

By all appearance, development of the linking wave [x] is already over.

The decline witnessed by us now is the part of the wave [y].

In the nearest time we shall probably expect continuation of decline within the frames of development of a correctional model represented by double zigzug.

It is dangerous to buy in this situation and better wait when an assumed model will complete its formation.

Chances for consolidation of Euro are fading

Vasiliy Lukin
Analyst of «FreshForex» company
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