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Correction is about to finish

05 January 2016, EUR/USD

Development of the correctional wave is not over yet and this wave turned to be more extensive than we expected.

Thus, we assume that by the moment development of the wave ii continued.

It is possible that soon we will see continuation of the said corrective wave.

Today we obviously do not have to expect beginning of the impulse growth, so do not open a position

Correction is about to finish

Vasiliy Lukin
Analyst of «FreshForex» company
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