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Elliott Wave Forecast For USD Index: Wave Four Pull-Back Appears Complete

May 30, 2013 4:56 AM ET
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USD-index reversed lower yesterday and is now again testing that very important 83.30-83.50 support zone. As such,we have adjusted the wave count and now looking still for a red wave 4) in progress which is becoming more and more complex, but its still corrective contra-trend movement. As such, we will not give up on bullish case, and will again look for a new break higher if we get an impulsive rally from current levels.

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