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EURUSD: A Moderate Upwards Correction Ahead

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As expected the euro continued moving strongly towards the downside, reach both our first and second targets, and exceeded them by 25 pips. Since price has been moving largely as expected and well according to the rules and guidelines of Elliott Wave analysis, we would now expect to see a moderate sideways-to-upwards correction that should last for two or more weeks. We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Weekly

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