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Impulse looks finished, get ready to buy

30 May 2016, EUR/USD

The price had continued to decline and updated the local Low. Thus it has probably completed development of impulse formed as the wave i. However, do not go to Long immediately, since it is not clear whether the momentum will end today or movement will last for a while.

Therefore, in this situation we should wait for the first signs of reversal and then try to open a position to Buy.

Stop Loss shall be put on the new price Low.

Vasiliy Lukin
FreshForex Analyst
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