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Euro Crosses Begin Large Corrections

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 7, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    A major correction is underway in the EURGBP. The rally from .6535 (January 2007 low) is in 5 waves, therefore a 3 wave decline is expected. The decline likely reaches at least .7430; which is the confluence of the former 4th wave and the 38.2% of .6535-.7983. One reason to...

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