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EUR/USD: wave analysis on 02.11.2015

Bearish correction is nearing the end.

Assumingly, a correction in a form of abc flat within the second wave 2 of the senior level has finished. Locally, a Bearish impulse within wave c of 2 seems to have finished and wave 3 of the senior level started forming. If the assumption is correct, the pair is going to grow towards 1.1500 within a starting wave of the junior level. A critical for this scenario is the level of 1.0890.

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