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Elliott Wave Charting
The decline from 1.8309, in 2000, to 0.9634 lows was a clear five wave move that was reversed at the start of 2009, by powerful Long moves shown in a red wave A). Red wave A) is a first leg of an upward correction that is in process, and should reach the 38.2% Fibonacci retracement level of a previous decline. The price structure signals for Usd bullishness over the coming months, if 0.9634 lows stay in place.
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