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Eur/Usd In A Recovery ModeTop ↑ July 20 2011 Eur/Usd has recovered nicely from the 1.3836 lows, in impulsive formation towards 1.4282 region, which we know should be start of a new trend as Elliott Wave theory suggests. Even a recovery in this week from 1.4014 looks promising as a decline from previous resistance showed corrective qualities. As such, wave (2) may have already hit a bottom and in such case, price should rise in the week ahead up above 1.4282 and then towards 1.44 trend line resistance. ![]() Do you like analysis you see here? Check our full service package here. Price: just 45€ per month or 110€ per 3-months.
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