Jamie's Pick: 05/18/11
The EURUSD decline from above 14900 is either wave A or 1 of a larger bear move. As such, lower prices are expected next month but probably not before a wave B (or 2nd) wave rally back to 14500-14600 (50%-61.8% Fibonacci levels). 14520 serves as highs from 4/12 through 4/14 and the 4/26 low is at 14493.
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