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EUR/USD: Wave analysis on 09.02.2015

The price was not able to continue growth and broke a critical level of 1.1300 having cancelled the "growth scenario". The development of a downward impetus on a daily timeframe is still relevant. Apparently, bullish correction in a form of fourth wave within the fifth final extending wave has finished locally. If this assumption is correct and the price does not break the critical level 1.1498, the pair will continue to decline to the levels 1.0950-1.0900. 

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