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16 Jan 2021 ‚óŹ 03:36 PM

The Euro broke the 40dema and started an a-b-c zig-zag correction in wave 2 of 3 down. Here c=a is near 1.201 and the rising trendline from the March'20 bottom is at 1.198. Holding these levels the long term up trend remains in tact in wave 3 of larger degree on a quarterly chart.

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