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Friday, March 11, 2011

EUR/USD - Final leg higher has begun

Support pretty much held yesterday and we should now see a break above 138.60 soon to confirm that the final leg higher towards 142.25 has begun.

Risk is still a break below 137.31, which will cause an overlap between wave 1 and 4 (not allowed under the EWP). A break below 137.31 will force a the bearish count to be considered.




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