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Wednesday, June 30, 2010

EUR/USD - Failuer to break below 121.03 keeps the altenate count alive

Short term important support at 121,03 held firm, which keeps the Altenate A-B-C correction count alive. If my bearish count is to stay valid we should not see a break above 123,25. If we do, the alternate count calling for wave C towards 126-127 becomes the favorit count.

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