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EURUSD: Beginnings of a Temporary Decline

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As expected the euro continued moving towards the downside. This is likely the beginning of a temporary downtrend that will span several more weeks. We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Weekly Main Count – Invalidation Point: 1.1718 – 1.0525 – Confirmation Point: – – Downwards Target: 1.0951 – 1.0850 – Wave number: Minor D – Wave structure: Corrective – Wave pattern: Zigzag Weekly Alternate Count –

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