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Although we saw a new low and therefore values below 1.3000 in euro bulls dominate today said particular Fx1.bg Kaloyanchev Jordan, an analyst at CMC IP. The idea of a cheaper euro does not have to be written off completely. Here is a scenario in which we will return again in 1.30.
It is now to be found in the fourth wave of Ending-formation. If so in the coming hours to see a new high above 1.3171, which is the last fifth wave formation. This wave should not be greater than the fourth, ie more than 80 points. The last prerequisite for this scenario is relatively sharp drop in the bottom of wave 4.
If all this happens with a large dose can confidently say that we have actually formed Ending which gives an objective 1.2995.
At this stage the situation I described is just one scenario, guess what could happen. But if the graph is developed in the manner described would have fully justified short position with good earnings ratio: the risk that quickly reach your goal.
