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Euro Breaks to Yearly Low; Pound and Franc Hold Up

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10-02-08, 12:42 PM

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Euro Breaks to Yearly Low; Pound and Franc Hold Up

The most bearish count places the EURUSD in a 3rd of a 3rd wave from 1.4179. 1.3820 is potential short term resistance. Oversold RSI on multiple time frames warns of a larger pullback, so confidence in this very bearish count is low. Please keep in mind that the triangle and...

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