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Correction is nearing its end, it's time to sell

12 May 2016, EUR/USD

By now, corrective growth can be over.Based on this assumption, I've made an attempt to sell with a stop loss being put just above the local High.

In the future I expect a notable impulse decline within the framework of the third impulse wave. Although I do not exclude that in the future we can expect continuation of this correction; that is why I have put such a high stop loss.

Vasiliy Lukin
FreshForex Analyst
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