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The target has been reached

29 October 2015, EUR/USD

The situation for this pair has been developing very well.

As we expected, the pair continued the momentum decline caused by development of the final wave v of [c] of (iv).

Thus, the goal of correction has been reached, the plane received its final shape.

Now, in the future we expect beginning of a reversal and impulse growth.

I suppose it is early to enter the market, we should wait for the first bullish price movement. Meanwhile, the pair looks down.

The target has been reached

Vasiliy Lukin
Analyst of «FreshForex» company
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