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Tuesday, 5 June 2012

EUR/USD H1 Update

EUR/USD H1 Update

Please notice that there is divergence forming on RSI(14) H1 chart. If price will not take out the low previous wave we might expect more upside price action and eventually reach orange rectangle resistance area.

On the other hand, this price action on wave 4 nicely adopts the rule of alternation between wave 2 and wave 4.

Seb


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