On cross EURO / DOLLAR you are setting up a three drive bullish pattern, shape graphics push the euro to score new highs beyond 1.60 against the dollar. The figure, however, requires the continuation leg of the bull (C ') that will push the prices up 1.44 area and then a phase of showing weakness in the euro 1.16. (On the attached graph lines show the timing of achievement of corrective lenses, late October 2011 .... mid-April 2012 - but those bulls could have been achieved or already achieved by the first half of 2011)
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