The Euro is ratcheting higher within an up channel. The Question is are we in Trend or Corrective mode. The alternatives are laid out nicely in the Daily Perspective analysis. I am in the corrective mode camp. The price action from the 1.3425 low looks like a … (Ref: 5041) Tags: Charting Strategies, Elliott, euro, [...]

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Following the break of the 1.0000-25 highs, the Aussie is unwinding the overbought condition in the ideal 1i.0085-1.0185 range. Although 1.0185 may again cap in the short term, this maintains the uptrend for an eventual break up to 1.0270 en route at least 1.0420. Until 1.0185 yields there is a decreasing chance of a spike [...]

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