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Euro Crosses Test Support

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 2, 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 push above .8034 would suggest that a triangle is unfolding since the .8097 high.

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