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Hunting for "short" trades

25 August 2016, EUR/USD

We expected that correction has been developing in the form of a zigzag and now it is over. At the moment the price is taking a run within the descending impulse wave 3. Thus, the observed situation remains bearish, so it is better to look closer to sales.

A good starting point a Sell pending order has been formed at the level of 1.1240.

Vasiliy Lukin
FreshForex Analyst
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