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    EUR/USD: wave analysis on 17.07.2015

    A correction continues.

    A bear correction of the senior level within wave 2 continues. Assumingly, a local development of wave C of 2 is happening, within which an impetus in a form of wave (a) of C is formed and an upward correction is expected. If the assumption is correct, the pair continues falling towards 1.0800-1.0700 after correction ends. The critical level for this scenario is 1.1210, the breakout of which would allow the pair to grow. 

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