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Monday, July 5, 2010

EUR/USD - Target-zone spiked

My taget-zone between 126-127 was spiked slightly on friday with the high of 126.12.

The decline since the 126,12 high doesn't look impulsive, that means as long as 124.80 protects the downside, then we should see one more rally higher deeper into my target-zone, before ending sub wave iv and turning down in sub-wave v.

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