July 29, 2010 4:09 AM
EUR/USD Outlook
By yamashita
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0Hello.
Taking a look at the EUR/USD, it looks as though we're in a potential Wave 5 of a Wave 3. For those not familiar with Elliott Wave, please refer to the chart. Once the Wave 3 completes, look for a potential 3 wave retracement down before heading back up again.
A potential price point to look for would be the 1.3300 area and above.
Good luck - use your money management and use your stops.
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