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Thursday, March 15, 2012

Elliott wave and technical analysis on EUR/USD; USD/JPY; VIX-Index and DJI

EUR/USD - Should make it to at least 129.73, but I do think the 126.00 area will make a better target
USD/JPY - I have change my count a bit. As support at 81.86 protected the downside we most likely is only in wave iii up and should see a continuation higher towards 85.65.
VIX Index - Closed back inside the Bollinger Band, which calls for a move towards the mid-band at least.
DJI - Trying to pick a top has proven to be the loser's (Me...) game here. The next resistance I have is near 13.753. Only a break below 12.753 will ease the upside pressure.

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