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EURUSD: Sharp Uptrend May Extend To 1.3500-Elliott Wave


Dec 19 2012

EURUSD is trading significantly higher and very sharply from 1.2870 wave 2) low which we think its wave 3) of a larger five wave rally. Notice that price is already testing base channel resistance line where decisive break should cause acceleration even to 1.3500 in weeks ahead. Any larger and deeper pull-backs should find the support around 1.3100/50 zone.

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