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Monday, December 13, 2010

EUR/USD - Impatiently waiting for a breakout

I'm impatiently wait for the breakout to the downside. I'm very much in doubt regarding my micro count, but if it holds true, then we can expect a powerfull decline when the serie of wave three's really taks hold.
I would still like to see a break below 131.63 soon. A break below that support should open up the downside for at least a decline towards 129.64.

A break above 132.85 on the other hand will be of concern, but only a break above 133.22 would force me to reconsider my entire count.

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