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It is reasonable to expect price growth while staying above 1.1300. Yet, further decline inforces an alternative scenario according which red wave wave is downward and blue wave is falling in full swing. I'm going to keep in touch the situation when price reaches 1.1420-1.1450 range for the purpose of probable sell in accordance with alt. var.
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Dynamic rise suports our basic scenario. Nevertheless, untill price achieves 1.1620 we should take into account that current climbing is a corrective blue line as shown above at least. For now my basic Var is following: