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    EUR/USD: wave analysis on 28.05.2015

    Supposedly, the fourth wave of senior level iv, that is currently zigzag-shaped, is nearing completion. Apparently, an impetus within a wave (c) of iv is completed locally, and an upward price reversal is forming now. If the assumption is correct and the price consolidates above a level of 1.0930, the pair will continue growing within the fifth wave to the levels of 1.1500–1.1600. The level of 1.0520 is critical in this scenario.

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