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A continued development of the fifth wave

15 October 2015, EUR/USD

The scenario providing development of the final wave (v) of the assumed wedge is implemented very successfully.

The euro felt the taste of victory and is steadily getting stronger, obviously not intending to stop at this point, and potential of movement is still there.

But before that, we can expect a small corrective pullback, so entering or adding new Long positions now is too early, it is better to wait a bit.

 continues the development of the fifth wave.

Vasiliy Lukin
FreshForex Analyst
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