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Standing still in anticipation of decline

14 July 2016, EUR/USD

The situation is bearish, although the correction looks too extended to take it as the figure of the smaller level. Soon we still expect a strong impulse decline of the pair boosted by extension in the wave iii.

Tor this reason, I am still holding my Sell trades, and on update of the local Low, it will be possible to open more positions.

Vasiliy Lukin
Analyst of «FreshForex» company
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