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The wave ii is being formed

17 December 2015, EUR/USD

The pair has failed to continue to move in an upward direction, began to fall which supposedly has a corrective nature.

It is likely that the upward movement was formed in the form of the wedge.

Thus was formed the wave i of an emerging upward impulse.

The observed decline has obviously a corrective nature and, therefore, in general, we expected a resumed impulse growth of the pair

The wave ii is being formed

Vasiliy Lukin
Analyst of «FreshForex» company
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