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A continued drop

05 August 2016, EUR/USD

The price initiated development of the wave [v] of the supposed wedge. However, before continuing the downward movement, it can go through a small correction witihn the internal second wave of the expected downward impulse . This correction can be used for search of the entry points into sales by those, who did not do so, either adding a new position by those, who are in sales.

Thus, in the future we expecte a continued impulse drop of the pair.

Vasiliy Lukin
FreshForex Analyst
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