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Start of correction

25 May 2016, EUR/USD

Probably, yesterday the price has finished extension in the third impulse wave, and indeed the third wave thus had been finally formed. Therefore, this makes a certain correction much likely in the near future.

In this regard, we should avoid opening news position, it is better to wait for the expected correction and act in accordance with the current market structure.

Vasiliy Lukin
Analyst of «FreshForex» company
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