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Euro Crosses in Corrections of Varying Degree

Discussion in 'Technical Analysis' started by ActionForex.com, May 19, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Expect the EURGBP to reach the former 4th wave congestion zone (.7391-.7612) over the next few weeks. Near term, the advance from .7766 is wave B in the A-B-C decline from .8097. A bearish target is where wave C would equal wave A; at .7656.

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