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we should be looking for atleast a three step test to the 1.32 zone by octoberthis level is really critical because of a number of Fibonacci in this zone
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Going down in a impulse wave
eur usd is looking weak and will head down in a third impulse wave to atleast 1.2850 by the beginning of august
Impulsive Action till the 3rd June 12:00gmt
the current rise from the low of 1.2744 is definitive impulsive action and this rise is heading for a 3rd wave towards 1.3125 which is 161.8% of the wave 1 from 1.2842 to 1.2947 after reaching this target it could continue higher to 1.3280. But for right now this target should be achieved.thanks udit