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EUR/USD: wave analysis on 08.01.2016

Correction ended. A growth is expected.

Assumingly, a local correction within the second wave ii of 3 has formed. Locally, a starting wave (i) of iii as an impulse seems to be forming and if the assumption is correct, the pair continues growing towards 1.1300, 1.1600. Critical for this scenario is the level of 1.0708.

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