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EUR/USD: wave analysis on 12.05.2015

Presumably, the formation of the third wave iii, of the senior level has completed on the four-hour timeframe. At the moment, the “bearish” correction is being developed as the fourth wave. Locally, the first wave of the junior level (a) of iv has completed. If this assumption is correct, in the short-term the pair will grow up to 1.1300 in the wave (b). Critical level for this scenario is 1.1126.

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