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Thursday, January 2, 2014

EUR/USD - Indications of a top...

EUR/USD:

We have had the first indication, that wave E could have ended at 1.3894, however we still a Little more confirmation in form of a break below support at 1.3655 and even better a break below 1.3625.
A clear break below 1.3655 will call for a continuation lower towards 1.3553.

Short term resistance is now at 1.3745; 1.3775 and 138.19.

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