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EUR/USD: Wave analysis on 04.02.2015

Presumably, the downward impetus has finished to develop on a daily time frame. At present, the pair is growing and a counter-trend impetus under the first wave of huge bullish correction may be forming. If this assumption is correct and the price does not break the critical level 1.1250, the pair will continue to rise to the levels 1.1677-1.1790. Otherwise, the price will continue to decline to a level of 1.0950 after breaking a level of 1.1250.

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