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Euro: EURUSD Will Move Higher – Elliott Wave Analysis

By (www.ew-forecast.com) · October 3, 2013 · Comments Off on Euro: EURUSD Will Move Higher – Elliott Wave Analysis
EURUSD · Elliott Wave, Elliott Wave Analysis, Elliott Wave Forecast, Euro, EURUSD, Forex Wave Counting, German DAX

EURUSD
Euro (FX: EURUSD) moved nicely higher yesterday after the ECB press conference that finally sent EURUSD out of the range. As such, we believe that Euro will continue higher within current wave (v) towards 1.3680. Once those levels are tested we need to be aware of a bearish reversal in minimum three legs. As per Elliott Wave Principle, after every five waves move correction takes place. But break of 1.3500 price level will suggest that in Euro there is already top in place.

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