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Decline may happen

01 August 2016, EUR/USD

The price began to grow, however, our wave frame still has the right to life, because the upward movement may take place within the correctional model in the form of a wave [iv]. So in the near future impulse drop is possible caused by formation of the wave [v].

For this reason, my Sell pending order was shifted to the local price Low.

Decline may happen

Vasiliy Lukin
Analyst of «FreshForex» company
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