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Wednesday, December 18, 2013

EUR/USD - Complex wave ii or is a triangle developing?

EUR/USD:

We are not really getting anywhere here. Are we in some complex wave ii correction or is a triangle consolidation forming?

I still prefer the wave ii complex correction and renewed downside pressure in wave iii to take over soon, but we have to stay flexible and under no circumstances can a break above 1.3832 be allowed under this count.

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