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Thursday 20 December 2012

Dynamic wave analysis of the EUR/USD currency pair (update)

Although the decline from w.1 was shorter than I expected my main anticipation was validated and the uptrend has been in progress. I made time projection in order to determine the end of wave 5. This is the most probable place in terms of time to establish new high becаusе оf  ABC correction terminal. Look at the chart below.

eur/usd, 1d