Friday, August 23, 2013

Elliott wave analysis of EUR/CAD

EUR/CAD

I will update the text later, but a quick note.

The structure of the rally since the 1,2129 is very powerful and does look impulsive in character. That should mean, that we should be looking for much higher levels in the coming months as wave iii of 3 moves higher towards at least 1,5497, but I would not be surprised to see a extension higher towards 1,7073.

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