Elliott wave analysis EURUSD 30 December 2011

As a result of yesterday's trading, the european currency continued to decline expected. narrowing the range of price breaks and fall. reached the 1.2890 price level. Wave counting remains the same. Still below target levels, the nearest 1.2820 and 1.26. Presumably formed double zigzag on the level of 1.42, which in the development of wave C of the second zigzag. For this partitioning, the critical level of 1.3080, the breakdown is forced to reconsider the markup for alternatives.

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