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Hello Speculator......
Agree...if the Bulls are going to Run North the next bounce at 1.32<>1.3220...or precisely 1.3217... would need a North break at 1.3255<>1.3265 as a 1st Signal with 1.3285<>1.33 the next Entry for new North Alltime Highs.
11/28/04 is a Time Square Major level...with a strong South decline from the Open...1.3220<>1.32 will be decisive for establishing the 11/28 High/Low...with USD buying from the Open across the Majors I'm inclined on a South break of 1.32 before a revisit North...either way its the specific level triggers that will give early Directional Bias...one things for sure....
A Major level already is/will be ...established in the next 24hrs.
Time reverts to its mean.
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