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The Euro is at an important support near 1.1710, from retracements the lower Bollinger band and the rising trendline from the April low. A good chance to get a bottom here for wave 2 and wave 3 up to start. The fall in wave 2 is a complex pattern on hourly charts to be marked as w-x-y-x-z. Once a move up starts and a bottom is established wave 3=1 will point to 1.214 next

euro 131217

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