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The wave [v] is developing

04 August 2016, EUR/USD

The correction formed as the wave [iv], took the form of a plane, which explains structure of the impulse wave within the wave [iv]. Thus, in the near future, we expect an impulse decline, during which the final wave [v] of the wedge will be formed.

My previously opened Sell trade has already turned into the black, so after a small correction I'll try to open another trade.

Vasiliy Lukin
FreshForex Analyst
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