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Bullish scenario is in jeopardy

18 November 2015, EUR/USD

A new surge of energy for the bears, and then the pair may continue its rapid decline.

Until this happens there is a chance for implementation of the considered scenario, according to which at the moment the wave v of [c] of (iv) is being formed.

Thus, soon after a short decline in the course of which said the wave is finally formed, we may expect beginning of growth caused by development of the wave (v) of the assumed alleged wedge.

Vasiliy Lukin
FreshForex Analyst
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