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On Tuesday, having hit the low of 1.2585 the EUR_USD price started to reverse in favor of the euro. Thus, the falling of the rates which has been developing after August 6 let the euro to decrease to the correctional level of 61.8%, calculated as to the length of the uprising 3rd wave (or C). In this respect, it can be assumed that the market is retaining the growth potential for the pair and if it is renewed, it is able to form a 5-wave structure in the limits of the whole ascending trend, which has been forming since early June. Moreover, the correlation between the waves a and c of the current declining part, which also equals to 61,8% allows to consider the option of the uprising movement restart versus the US dollar. However, on the other hand, if the decline continues, the price can easily reach the marks around the 22nd figure.
