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Decline has all chances to continue

08 August 2016, EUR/USD

Apparently, drop is caused by formation of the final wave [v] of the the initial diagonal triangle or simply the wedge. In this case, potential for further downward movement is still very good, especially since the recent pricks were in the upward direction. The last indicates the possibility of a small correction. We can try to sell with cautious within the emerging fifth wave of impulse.

Vasiliy Lukin
FreshForex Analyst
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