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Wednesday, April 27, 2011

EUR/USD - Important resistance broken...Hmm

Resistance at 146.95 is broken, which means the possible diagonal-count is off.

I will be back to the drawingboard, but my preferred alternate count is that the decline from 160.38 to 118.75 is an A-B-C correction and that a new rally back to at least 151.44 is in the making.

Will be back later...

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