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Technicals: Point and Figure, EUR/USD

ForexLive
15/07/2009 | 05:23 GMT

The chart pretty much says it all. If a pattern can emerge and breakout, the pip run up or down could be around 300, initially. Do wait for a X or O to be put in so the patterns are complete. Just because the price is lingering in that area, doesn’t mean it will complete the pattern. Being patient and awaiting for a complete pattern is best. Good luck.

http://s798.photobucket.com/albums/yy266/bigmillers/?action=view&current=eurusd2.jpg&newest=1

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