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In anticipation of the third impulse wave

05 August 2015, EUR/USD

Contrary to expectations, the pair growth continued to decline.

However, since the critical level still has not been reached, the scenario with development of the upward momentum still has a chance for implementation.

So, we assume that at the moment we witness completion of the correctional wave ii and very soon a rising impulse movement, caused by formation of the wave iii of (iii), is expected to be resumed.

 Waiting for a third pulse wave.

Vasiliy Lukin
FreshForex Analyst
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