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Thursday, January 14, 2010

EUR/USD - Minor wave 2 of 5 is ongoing



Just a short update to my post from yesterday.

As I said, I do expected minor wave 2 of 5 to take more time to finish and that has been the case. Minor wave 2 could be finished, but I do think the ideal structure would call for a move closer to 144.53 and a new rally towards the 145.55 area before collapsing through 144.53 for a decline closer to 140.

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