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EUR/USD :: Weekly Chart Elliott Wave

Location: Blogs Zen Forexification
Posted by: GoldIvX	Sunday, March 25, 2007 1:01:41 AM
Here is a weekly chart of EUR/USD showing a beautiful Elliott Wave formation. Looks like we are in a #5 wave which is motive (going up). It's possible but doesn't seem probable that the #5 peak will break the all-time high set on the last week of 2004 for 1.3665. That's really only about a 300 pips above current levels so who knows. Check here for a quick Elliott refresher: en.wikipedia.org/wiki/Elliott_wave [The authors, publishers, editors, advertisers, and any individual, agency, force, or thing that wishes or requires to be included in this disclaimer refuse to be held responsible for any effect or lack thereof occurring to any entity, legal, mortal, or otherwise in any time frame, dimension, or state of consciousness as a result of any action or inaction contemplated, planned, undertaken, or performed as a result of reading, viewing, or otherwise perceiving the information contained in this document, any fraction thereof, or any work containing such.]

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