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Currency Crosses: EURNZD Triangle Will Offer a Breakout Opportunity

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    A triangle is unfolding from the September high at 2.0056. Triangles unfold in 5 waves (a-b-c-d-e) and wave c is close to complete. Therefore, expect additional consolidation in waves e and d before a terminal thrust higher in larger wave C completes the entire rally from the July low at...

    complete article here...

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