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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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