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    EUR/USD: wave analysis on 14.07.2015

    The downtrend within correction continues.

    The "bearish" correction of the senior level within the wave 2 continues. Locally, the upward correction of the junior level within the wave b of 2 has probably finished, and the third wave c of 2 has started to form. If the assumption is correct, the pair continues falling towards 1.0800 -1.0700. The level of 1.1210 is critical in this scenario. Should this level be overcome, the pair would resume its growth.

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