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Upward momentum

03 December 2015, EUR/USD

In this pair again, everything is not very smooth.

Bulls seemed to be ready to attack, they had one successful attack but then fell back.

Update of the Low did not happen, there was a rebound, which means that this sharp decline was intended to shake out the traders who began to buy.

So in the future we expect continuation of impulse growth of the pair of caused by development of the wave (v)

Upward momentum

Vasiliy Lukin
Analyst of «FreshForex» company
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