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The plane continues its formation

27 October 2015, EUR/USD

The pair continues the formation of correction which, I remind you, supposedly takes the form of a plane.

To complete it, the price lacks the last downward impulse wave v of [c].

So , in the near future we expect lowering of the pair to continue because of development of this wave model.

After that, we obviously expect beginning of a long impulse growth.

 The plane continues its formation.

Vasiliy Lukin
Analyst of «FreshForex» company
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