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Buyers are taking the initiative

16 August 2016, EUR/USD

The pair is stubbornly creeping up and it is getting harder for sellers to contain the attack. I had to revise the wave frame. We are wintessing emergence of the rising impulse, albeit it happens within the wave [c] of zigzag. In the future, growth is expected to continue and form the wave iii.

To avail from this wave, I've opened a Buy trade.

Buyers are taking the initiative

Vasiliy Lukin
FreshForex Analyst
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