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    EUR/USD: wave analysis on 08.05.2015

    Supposedly, the third wave of senior level iii on H4 timeframe has finished forming. Locally, we can see a clear completed impetus within the third wave and the start of correction in the fourth wave. If this assumption is correct and the price does not break the critical level of 1.1391, the pair will logically continue to decline to a level of 1.1060. 

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