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EURUSD: Pair May Extent To 1.3100

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Nov 30 2012

EURUSD reversed lower from 1.3000 psychological at the start of the week and then perfectly reversed higher again from base channel that became a support. That was ideal scenario for a current push higher into a wave (v) which may still rise towards 1.3090 while 1.2945 holds. However, keep in mind that five wave rally in wave 3 could be near completion and that we will probably be tracking a larger three waves of a pull-back next week.




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