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EURUSD Might Recover, But How High?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On September 20th, we published “EURUSD Next Stop: Parity”, saying that “EURUSD might plunge to a new low, below 1.0460″. It has been more than a month, so let’s refresh your memory by taking a look at the old forecast first. It is given on the chart below. So, there was a nice five-wave impulse to the south, followed by a three-wave recovery. According to the Elliott Wave Principle, another decline had to be expected. Having the bigger picture in mind, we thought parity is a good long term

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