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TRDVMA
May 13, 2015 2:10 PM

USD: Important Support is Broken 

Dow Jones FXCM Dollar IndexFXCM

Description

The main 5 wave count still holds. Seems like we are in a 3rd wave down of a higher TF 5th wave (refer to chart). However no recommendation for a short position, as we are close to support. Will the next Support level hold? The odds are higher, especially if we see a clear completion of 5th wave.
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