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More USD Strength And Stocks Weakness In View After The US GDP Report-Elliott Wave Analysis

|Includes:ProShares Ultra Semiconductors ETF (USD)

More USD Strength And Stocks Weakness In View After The US GDP Report-Elliott Wave Analysis

US Prelim GDP q/q came out 2.5% vs. 2.2%. USD moved slightly higher against it's rivals, hitting a new high against the EUR and CHF. US stocks futures are slightly lower and it seems there is more ahead. DJIA futures reversing from 38.2% Fibo, but still need 14780 break for decline into fifth down towards 14700.
DJIA Futures 1h Elliott Wave Analysis

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EURUSD pair hits 1.3231 after the US GDP report and based on the sharp decline from 1.3342 we could see an extension down to 1.3200 in the next two sessions, either within current wave (iii) or after (iv).
EURUSD 30min Elliott Wave Analysis

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FREE VIDEO ANALYSIS On EURUSD, USDCHF, USDJPY and GOLD:

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Stocks: USD