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The GBPAUD trade shows that we’re up 300 pips. Risk should be moved to breakeven (2.0585). Bullish potential stays important. There is presently a bearish opportunity in the EURUSD. The EURUSD is likely to go beyond 1.6018 and maintain to all-time highs in the next few weeks but a triangle may be showing in which case the advance from 1.5303 would be wave D and wave E would be underway now. E waves of triangles are normaly sharp and deep; so it is apparent that the decline would go on until 1.53/1.54.
12:28
Posted on Jul-02-2008
