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Thursday, 21 January 2016

EUR/USD upslope defined

My last post anticipated a possible lowering of the bottom of the current swings and wondered if the new bottom would fall as low as my green dotted line.
The new bottom did not fall that low and seems to define the Support Line for the emerging uptrend.
It is a fair bet that, for the coming while, the graph will stay within the range depicted by the purple box and that the emerging uptrend will be sliighty steeper than my previous prediction.

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