Euro Support at 12730
“Since price has failed to accelerate in a timely manner (which one would expect if the decline were a 3rd wave), I am leaning towards the idea that the decline from 13340 is corrective. The next few days should offer clarification.” Yesterday’s advance suggests that an important low is in place at 12590. The rally may be the beginning of a C wave that will exceed 13340. The next few days should present a long opportunity. 12730 is support.
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