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Friday, January 15, 2010

EUR/USD - Wave 3 of 5 has clearly begun



The second shoulder became smaller than anticipated, but looking in the rearmirrow it does make sence, that it alternated from the left side double shoulders.

First target area is the 142.15 - 142.25 area, but I still look for a decline towards the 140 area.

Stay with the USD for now.

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