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Elliott Wave Charting: Eur/Usd
The pair made a significant move down recently, after the 1.3114 lows were taken out. The current bearish leg is very powerful, so this could be a black wave 3 which is headed towards the 1.2800 zone or even lower. In the current circumstances every upward pull-back could be an opportunity to catch the Short trend, which will remain in play so long as the pair trades below 1.3114 region.
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