EUR/USD |
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EUR/USD has formed at least few years high last year at 1.6038 (15.07.2008). The subsequent sell-off was very sharp but turned out to be corrective in nature – flat correction. Wave A of it finished at 1.2549 (4 December 2008) and the following movement is wave B. My wave count for the said wave B is presented on the chart. I label it as a flat with currently developing wave c as a terminal impulse with extended fifth wave. This terminal impulse is still far from completing and I expect
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