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Uncertainty

06 May 2016, EUR/USD

As we expected, decline got even deeper. However, the price can not be satisfied with that and we expect the flat to take a more sophisticated form. Therefore, I would not recommend any trades now.

Also the pair may resume its growth, cause the diagonal figure is fully shaped. In this case, the pair will continue an impulse decline, but we can talk about only upon reach of 1.1240 and below.

So there is some uncertainty. The situation is expected to get more clear soon.

Vasiliy Lukin
FreshForex Analyst
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