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Wednesday, February 5, 2014

EUR/USD - Look for a decline towards at least 134.32 soon.

EUR/USD

I'm still looking for a break below minor support at 1.3485 to confirm that the next part of the impulsive decline towards at least 1.3432 and possibly even lower to 1.3371 is ongoing. However, as long as support at 1.3485 stays unbroken the wave iv correction could extend higher towards 1.3573 before the final decline in wave i of 3 lower.

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