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The wave [iv] is emerging

25 July 2016, EUR/USD

Currently the price is being traded at the lower border of the wedge and therefore there is a high probability that we will see the next rebound from it. Thus, it appears that formation of correction as a triple three figure in the wave [iv] will continue, so trading shall be vert cautious and although we expecte a slight surge, it is better to sell than to buy. But it us even better staying out of the market and monitor the probable continuation of correction.

Vasiliy Lukin
FreshForex Analyst
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