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- hopeforpips replied Jul 15, 2008
Just a thought about where Euros going. According to my wave count we are in wave 4 down, probably to 1.5930 area before going up on wave 5. For wave v to equal wave iii on the graph the price will have to reach 1.6060, could go higher than that.
- hopeforpips replied Jul 3, 2008
If you believe in Elliot Wave counting then the drop is over or within 20 pips of the bottom. Wave v (five) should take the Euro over the last high starting next week. If the price drops below 1.5650, which is the range of wave i/ii then the wave ...
- hopeforpips replied Jul 3, 2008
Why the reverse move to the news? My opinion is that the market already priced in the 25 bp increase and was starting to price in a further increase from ECB. When Trichet said he had no inclination to raise again the bulls lost momentum. The U.S. ...
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