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A continued correction

02 June 2016, EUR/USD

The observed upward movement due to development of the wave ii correction, has been formed. At the moment, the mentioned correctional wave is far from being over, so in the future we can expect a continued growth of the pair.

Of course, we may try to open a cautious Buy trade with a small goal, but I think it's not worth it, so in this situation it is better to stay aside the market.

Vasiliy Lukin
FreshForex Analyst
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