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Elliott Wave Analysis: EURUSD Breaking Higher

Elliott Wave Financial Service
By Elliott Wave Financial Service

USD is falling after bad US CPI and Retail sales data. We see EURUSD turning up sharply following a break above the upper channel line which suggests that pair accomplished a three wave set-back and that market is underway to a new high. There is room for 1.1500, or even 1.1550.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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