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Monday, July 27, 2009

70% Bulls... We are close to a reversal.
I'm showing wave iv as complete but there is a good chance that we are in wave b of wave iv.

But I still expect a reversal at 990. It remains unclear which wave we have been in since the 8th of July. In any case it appears a pull back to at least 945 can be expected.

There is support at 975, 945, then 930.

Analysis presented on this blog has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.

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