EUR/USD: The minimum target, a move above 1.3967, was yesterdayachieved however falling short of our ideal target, the wedgeceiling at 1.4020. Nevertheless the strong rejection fromonly a few points away from the target (and with the marketstruggling above the 55d Bollinger bands just like at thepeak of wave A and C) indicates that we now have put apeak in place. If we can manage to break down from thewedge a medium term target can be set at 1.3295, the originof the wedge.
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