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Thursday, July 1, 2010

EUR/USD - Make it or break it

If my count calling for a decline below 121.30 is correct the current level at 123.25 shouldn't be broken. If we see a clear break above 123.25, then the altenate count calling for the final C leg higher in the A-B-C correction from 118.75, which should reache the 126-127 area, before turning down hard again.

So it's "Make it or break it" time.

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