USD Index Breaks Below 81.70 Which Opens The Door For 81.00
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May 01 2013
USD-index extended its losses yesterday and fell through 81.70 swing low from mid-April which makes a corrective decline from 83.50 much more complex than firstly thought. We are tracking a new five wave decline now from 83.20 which represents wave (C), final leg of a zig-zag in wave E that could look for a bottom around 80.80-81.20 area.
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