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Friday, October 15, 2010

EUR/USD - The five wave count is now complete

With the rally to 141.56 the five wave rally from 126.23 is complete. A break below 140.67 will confirm that a top is in place and call for a much deeper decline. The first minor target will be 137.73, but as the 141.56 high also marks the end of the A-B-C correction fra 118.75 is also marks the top of wave 2.

Stay tuned for a powerfull decline.

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