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Old 02-11-2008, 12:32 AM
vagroupnet vagroupnet is offline
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EUR/USD Euro felt below 61% support line from the previous upside move. There are two possible scenarios: a) Euro will continue to fall to 1.4310 area, forming wave A of decline move. This will indicate serious problems for EUR in next 1-2 months. b) Euro will rebound and attack 1.5 level Best scenario is to sit and wait until situation will clear out GBP/USD Another two scenarios. Pound is going down in any of them: a) Current downtrend can extend to 1.8833 with current wave labeling. b) Alternative scenario will be 1.9190 price level GOLD Gold is either forming wave "c" that will beat 937 or start falling below 850
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