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Monday, 19 November 2012

EUR/USD H1,H4 & Daily Update

Due to the reasons I have stated on Friday on one of the posts here, I can not label wave W as impulsive wave 1 due to wave 1-4 overlapse. So I have figured out some kind of complex corection is playing out. Only if we break through and close over 1.2900 level my count would fail.

On Daily chart Money Flow Index says no one is buying hard this bounce...
Seb



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