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    USD/CHF: wave analysis on 29.02.2016

    The pair is in a correction. A decline is still possible.

    Assumingly, a downward impulse within the third wave iii of C continues forming. Locally, an upward correction as the second wave of the junior level (ii) of iii seems to continue developing. If the assumption is correct, the pair continues falling to 0.9500 after the correction ends. A critical for this scenario is the level of 1.0254.


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