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Correction will continue its development

29 June 2016, EUR/USD

The upward movement is corrective and is represented by the second wave of elongation - the wave iii of the downward momentum. To open a Sell trade, we need wait for update of Low or change of the marked trend. At the same time, potential for downward movement is very good.

Thus, in the near future we expect correction to continue, whereupon drop is likely to be resumed.

Correction will continue its development

Vasiliy Lukin
FreshForex Analyst
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