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August 28, 2012

EUR/USD Bounces After an ABC Correction

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After Friday's (8/24) sell-off, the EUR/USD extended the corrective decline on Monday (8/27) trading. Looking at the 1H chart, we see 2 swings down, or 3 waves down. The downswings are also in abc structures, making this a "double 3″ in Elliott Wave terms, but really just a bigger ABC... FF News: Technical

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