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Continued drop

23 May 2016, EUR/USD

Probably, at this time we are witnessing the third wave of downward momentum, which has been formed elongated. Now there is a slight correction, which is likely to be short-term, then the price will continue to move down within the framework of the downward momentum.

The open transaction is in the positive area with surplus, so I have no worry about that and waiting for further drop of the pair.

Vasiliy Lukin
Analyst of «FreshForex» company
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