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Development of the third impulse wave

28 September 2015, EUR/USD

Development of the third impulse wave

The euro continued resistance against the US currency, having managed to maintain a local Low, and even bounced from it a little.

Perhaps, this is due to beginning of the wave [iii] of the rising impulse.

Thus, there is a very good opportunity to open a Long position, with a slight stop and potentially a good opportunity to take profit.

 It is expected the development of a third pulse wave.

Vasiliy Lukin
FreshForex Analyst
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