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Impulse decline of the pair

17 June 2016, EUR/USD

The last trading day no bulls neither bears managed seize the initiative. Even though the pair took a strong oscillatory motion in fact remained at the same place.This is caused by a local correction within the frames of the wave iii of the emerging downward momentum.

Perhaps today we'll see an impulse decline within the wave iii. Thus, sales in the current situation is the best option for trading

Vasiliy Lukin
FreshForex Analyst
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