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Thursday, December 26, 2013

EUR/USD - Is wave ii still ongoing?

EUR/USD:

We did see a break below minor support at 1.3665, but there was no follow through, which opens the possibility of a new high near 1.3750 as wave c of ii as long as support at 1.3662 protects the downside. However, a direct break below 1.3662 indicates, that wave iii lower towards 1.3416 is developing.

 

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