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    EUR/USD: wave analysis on 18.05.2015

    The pair has continued to grow with the price reaching a new maximum at 1.1465. According to the current wave structure, the third wave of senior level is nearing completion. If this assumption is correct, the pair is likely to decline to a level of 1.1100 within the fourth wave. A breakout of a level at 1.1318 will serve as confirmation that a correction has begun. 

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