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17 August 2016, EUR/USD

Euro has sharply rushed up, broke its correctional range, hit the level of resistance. This upward movement is impulse and is the part of wave iii of this model. Meanwhile this momentum appears to be not complete, so in the near future we expected growth to continue.

The price is correcting now so there is a good opportunity to have time to enter into the purchase.

Vasiliy Lukin
FreshForex Analyst
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