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Impulse growth

22 January 2016, EUR/USD

Again, buyers did not force the issue, giving initiative to their opponents, causing decline, which supposedly has a corrective nature.

We assumed that the wave ii of [iii] of the expected upward impulse was finished.

If this assumption is correct, the pair will begin a rapid impulse growth in the framework of this rising scenario.

For these reasons, I have set a Buy pending order on the local High

Impulse growth

Vasiliy Lukin
FreshForex Analyst
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