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Monday, July 11, 2011

EUR/USD - Bullish triangle close to be invalidated

The possible bullish triangle we have had as an alternate count is very close to be invalidated. a break below the start of the possible C-wave at 140.71 will cancel the bullish triangle and confirm our preferred bearish count for a decline in wave [E] towards the 128.71 area (see the chart below), where we will find Pitchfork support (green Pitchfork).

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