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Friday, May 28, 2010

EUR/USD - The correction higher is still ongoing

The Correction higher towards 125.10 - 125.40 area is still ongoing.

The correction lookes like a dobbelt zig-zag, where wave c1 was equal in length to wave a1. we should see a rally towards 124,70 - 124,80 from where a move lower towards 124 and mayby even 123.56 should be seen, before the final leg higher towards the ideal target area near 125.10.

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