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EUR/USD: wave analysis on 05.05.2015

The formation of the third wave of the senior level continues on the four-hour timeframe. Locally, it seems that the formation of the third wave of the junior level (iii) of iii has completed and the local correction as the fourth wave волны (iv) of iii is being developed. If this assumption is correct and the price does not break down the critical level of 1.1040, after the completion of the correction, the formation of the local impetus can continue up to 1.1400.

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