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Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Wednesday, 6 March 2013

EURUSD: 10.25am

Having been long through that consolidation, this is starting to feel full of potential to the downside - maybe a contrary sign that, mind you! Not only are we at the monthly DMA (so testing the wave tail of the prior move up from 1.2041) but also now the first 'a' based speed line off 1.2659. Last line of defence here I think.
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