In a medium-long term, the current uptrend started from lows of 23 July 2012 (1.2050) and at the maximum in the 1.3815 area is configuring like a rising wedge (in this case the downtrend continuation pattern). This uptrend is seen as a correction in the larger downtrend triggered from the highest at 1.4939 on May 2, 2011. In detail, the highest level reached to 1.3815 is the 61,8% of the Fibonacci level (of the drop from 1.4939 and 1.2052). At this prices, the fall is started. Moreover, on the …
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