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    Elliott Wave Analysis On DAX And EUR/USD

    Elliott Wave Financial Service
    By Elliott Wave Financial Service

    German stocks market (DAX) can be unfolding the final wave v) since we have seen a break out of a wave iv) triangle. Fibonacci targets and the triangle measurement target points towards 11100-11200 area, so be aware of higher prices, maybe even a spike before a bigger corrective drop starts unfolding. At the same time, DAX may push EURUSD into new lows for wave v) towards 1.13 area.

    German DAX, 1h

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