EURUSD made three legs up from 1.2750 low to 1.3420 which we believe it was
a corrective, contra-trend price action within a larger downtrend. We are
talking about blue wave (2) which is showing signs of completion around 1.3420
level after sharp decline in the last three weeks with impulsive personality.
Notice that pair is now already testing an important trend-line from October
2012 swing lows. Break here is expected which may cause a significant decline
in the second part of this year.
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