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In the third impulse wave

22 April 2016, EUR/USD

The last trading day was very eventful.

Various news boosted a great volatility.

At one moment, the pair has soared to the local High, then immediately it turned back to its previous level.

The correctional wave 2 of the emerging downward momentum is over.

Now we expect a long impulse drop of the pair caused by formation of the wave 3.

In this situation, I recommend to open short positions with a Stop Loss set at the local High

Vasiliy Lukin
FreshForex Analyst
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