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A continued correction

03 June 2016, EUR/USD

I am concerned that correction having emerging as the ii wave looks completely formed, but it is very small. Even a more prolonged upward movement or the right movement won't hurt.

However, it is quite possible that we will see another wave within the framework of this correction.

In this case, we can start looking for the point to open short positions. In the meantime, the current picture does not encourage carry out any transactions, so is better to stay out of the market.

Vasiliy Lukin
FreshForex Analyst
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