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16 February 2016, EUR/USD

As we expected, the pair is still going through correction, thus confirming the fact of completion of wave iii

At the moment, the situation is as follows: we assume that this correction is formed as the wave iv of the rising impulse .

It will be followed by the price movement drafted at the chart below.

Based on this, I don't recommend opening transactions now, though you can try to buy with a view to a local High with a Stop order based on the local Low.


Vasiliy Lukin
FreshForex Analyst
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