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Tuesday, May 10, 2011

EUR/USD - Tested support area

After testing the support-area between 141.55 - 142.82 (lowest level has been 142.53) whats needed now is a break above 144.41 to get the first serious signal that a bottom might be in place and confirmation of a bottom will be a break above 145.87.

I'm still looking for a move towards 152.74 in wave v from 128.71. At this point only a break below 141.55 will be of concern.

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