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Zigzag in the wave ii or [iii] is still developing

15 July 2016, EUR/USD

The wave scenario still indicates that the price is likely to move within the framework of the wave iiof the emerging extension in the wave [iii] of descending impulse. Thus, in the future, we expect a strong and extended decline of the pair within the framework of the considered scenario, but before that the price may even grow slightly.

Vasiliy Lukin
FreshForex Analyst
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