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FOREX.com |
Market Overview | Jan 04, 2012 04:30AM GMT |
• Elliot Wave count suggests wave-C of overall wave-4 could be nearing completion
• The 100-day sma continues to rise and is currently around 7.8980/90
• 38.2% retracement of wave-3 comes in around 7.8540
• Daily RSI looks to be well supported into the key 40/45 level
• A potential Positive Reversal could be underway if December low holds (not highlighted)
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