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Thursday, February 20, 2014

EUR/USD - The expanded flat could be over or is close to termination.

EUR/USD

As long as support at 1.3694 protects the downside we could see wave c of the expanded flat correction move slightly higher, but we should be close to a termination of wave 2 for a powerful acceleration lower in wave 3 towards at least 1.3115 (where wave 3 will be 1.618 times wave 1).
As long as support at 1.3694 holds we could see wave 2 move slightly higher towards 1.3852.

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3 comments:

  1. UnknownFebruary 20, 2014 at 9:03 AM

    Hi EWS what sort of levels are looking for ZAR
    CHF looking ready for a good move up are we looking ending c on day charts ? whats your thoughts please
    Brgs jt

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  2. ZinkFebruary 20, 2014 at 9:20 AM

    Hi!
    Look at this website that i found

    http://www.elliottwavecount.blogspot.pt/2013/07/daily-elliott-wave-forex-charts.html?m=1

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    Replies
    1. Elliott wave surferFebruary 20, 2014 at 10:01 AM

      Hi Zink

      Thank you for sharing.

      Interesting Counts.

      Kind regards
      EWS

      Delete

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