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    EUR/USD: wave analysis on 26.02.2016

    A growth is expected.

    Assumingly, the third wave 3 of the senior level continues developing. Locally, a downward correction as the fourth wave (iv) of the junior level seems to have finished forming. If the assumption is correct, the pair starts growing within the fifth wave (v) of iii to 1.1500-1.1600. A critical for this scenario is the level of 1.0950 a breakdown of which would lead to a fall to 1.0600-1.0500.

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