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Goldman Sachs EUR/USD Elliot Wave technical analysis

Discussion in 'Technical Analysis' started by ForexLive, Sep 14, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Via eFX is this brief piece from Goldman Sachs on EUR/USD technical analysis They say: "A complete correction should retrace within wave 4 territory and near 38.2% of the preceding trend. In this case the high at 1.1713 is near enough to 38.2% at 1.18 and actually exceeds the 4 th wave (1.1533-1.1099). Moreover, an ABC extension from the March low targets 1.1818 (again, near enough?)," GS argues. -

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