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    EUR/USD: wave analysis on 15.02.2016

    An upward trend is strong.

    Assumingly, the third wave 3 of the senior level continues developing. Locally, an impulse within the third wave (iii) of iii of the junior level seems to have ended, and a correction as the fourth wave (iv) has started developing. If the assumption is correct, the pair continues growing to 1.1500-1.1600 after the correction ends. A critical for this scenario is the level of 1.0970 the breakdown of which would lead to a fall to 1.0800 and, possibly, lower.

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