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    EUR/USD: wave analysis on 18.02.2016

    A correction is ending. A growth is expected.

    Assumingly, the third wave 3 of the senior level continues developing. Locally, a correction in the fourth wave (iv) of the junior level seems to be finishing. If the assumption is correct, in the nearest future the pair is expected to reverse and grow towards 1.1500, 1.1600. Critical for this scenario is the level of 1.0970, a breakdown of which would lead to a fall towards 1.0800 and maybe below. 


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