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Correctional wave ii started its development

21 September 2015, EUR/USD

In this pair everything has formed according to the described scenario.

After generating an impulse represented by the wave i, the pair turned sharply to the correction.

Decline observed at this time is due to formation of wave ii.

If this assumption is correct, then in the near future we can expect development of correction due to this wave ii, after which the pair will resume its growth.

started development of correctional wave ii.

Vasiliy Lukin
Analyst of «FreshForex» company
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