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EURUSD Could Reach 1.3130 In Asian Session

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Apr 29 2013

EURUSD went sideways in the last few hours, which was expected after completed five wave rally. That five wave rally was most-likely a black wave iii as current 40 pip range trading appears to be a triangle, so it can be only wave four if we consider that market is trading impulsively higher today. With that in mind, pair could easily reach new high around 1.3130 in Asian trade if not earlier.

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Gregor Horvat
Chief  Technical Strategist  


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