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The daily chart of the pair represents a marking version of {d}-segment of NeoWave Reverse Alternation Triangle with basic cycle of weekly market data optimization period.

The events of the previous week confirmed expectations of (B)-wave termination and at this point, it is logical to anticipate development of (C)-wave as its commencing was indicated in the middle of the previous week.

When estimating the target levels, we should take into account the fact that (C)-wave should retrace at least 61,8% of (B)-wave, however, at the same time, (C)-wave should not be longer than (A)-wave. Otherwise, the type of the pattern terminating Double Combination would require revision.


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