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EUR/USD: wave analysis on 18.01.2016

A growth possibility remains

Assumingly, the third wave 3 of the senior level continues forming. Locally, a starting impulse of the junior level within wave (i) of iii seems to have formed and a correction within wave (ii) is probably developing. If the assumption is correct and the price does not break down the critical level of 1.0708, the pair continues growing towards 1.1300, 1.1600.

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