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A slight correction will precede decline of the pair

10 May 2016, EUR/USD

It seems like everything is going to ensure that in the nearest time we will see a continued drop of the pair.

In fact, before that a correction is required, albeit a small but still. So, going short is not desirable, although there a risk to miss a move, as the development of the third impulse wave seems to be brewing.

Everything is more inclined to the version with correction

Vasiliy Lukin
FreshForex Analyst
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